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Regulatory Matters (Tables) | 6 Months Ended
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Jun. 30, 2022
Regulated Operations [Abstract] |
Schedule of Regulatory Assets | Regulatory assets and liabilities at June 30, 2022 and December 31, 2021 were comprised of the following items:
| Con Edison |  | CECONY
(Millions of Dollars) | 2022 | 2021 |  | 2022 | 2021
Regulatory assets |  |  |  |  |
Environmental remediation costs | $926 | $938 |  | $847 | $860
System peak reduction and energy efficiency programs | 426 | 285 |  | 431 | 284
Pension and other postretirement benefits deferrals | 417 | 496 |  | 368 | 435
Revenue taxes | 414 | 395 |  | 396 | 378
COVID-19 pandemic deferrals | 313 | 282 |  | 305 | 277
Deferred storm costs | 279 | 276 |  | 172 | 158 |
Property tax reconciliation | 154 | 202 |  | 154 | 202
MTA power reliability deferral | 116 | 140 |  | 116 | 140
Gas Service Line Deferred Costs | 108 | 100 |  | 108 | 100
Deferred derivative losses - long term | 81 | 51 |  | 73 | 45
Municipal infrastructure support costs | 37 | 44 |  | 37 | 44
Brooklyn Queens demand management program | 34 | 36 |  | 34 | 36
Meadowlands heater odorization project | 28 | 29 |  | 28 | 29
Unrecognized pension and other postretirement costs | 27 | 128 |  | 8 | 110
Non-wire alternative projects | 23 | 23 |  | 23 | 23
Preferred stock redemption | 20 | 20 |  | 20 | 20
Legacy meters | 20 | 2 |  | — | —
Recoverable REV demonstration project costs | 19 | 16 |  | 18 | 15
Unamortized loss on reacquired debt | 13 | 16 |  | 12 | 14
Gate station upgrade project | 13 | 14 |  | 13 | 14
Other | 191 | 146 |  | 173 | 132
Regulatory assets – noncurrent | 3,659 | 3,639 |  | 3,336 | 3,316
Deferred derivative losses - short term | 131 | 141 |  | 125 | 133
Recoverable energy costs | 90 | 65 |  | 80 | 55
Regulatory assets – current | 221 | 206 |  | 205 | 188
Total Regulatory Assets | $3,880 | $3,845 |  | $3,541 | $3,504
Regulatory liabilities |  |  |  |  |
Future income tax | $1,868 | $1,984 |  | $1,729 | $1,840
Allowance for cost of removal less salvage | 1,223 | 1,199 |  | 1,051 | 1,033
Unrecognized pension and other postretirement costs | 346 | 32 |  | 283 |  | — |
Net unbilled revenue deferrals | 157 | 209 |  | 157 | 209
Deferred derivative gains - long term | 129 | 61 |  | 117 | 55
Pension and other postretirement benefit deferrals | 120 | 102 |  | 75 | 55
Net proceeds from sale of property | 86 | 103 |  | 86 | 103
System benefit charge carrying charge | 69 | 70 |  | 66 | 63
TCJA net benefits* | 62 | 125 |  | 60 | 123
Property tax refunds | 35 | 35 |  | 35 | 35
Sales and use tax refunds | 29 | 17 |  | 28 | 16
BQDM and REV Demo reconciliations | 24 | 25 |  | 21 | 22
Earnings sharing - electric, gas and steam | 13 | 13 |  | 10 | 10
Workers' compensation | 10 | 8 |  | 10 | 8
Settlement of gas proceedings | 9 | 12 |  | 9 | 12
Settlement of prudence proceeding | 6 | 6 |  | 6 | 6
Energy efficiency portfolio standard unencumbered funds | 5 | 15 |  | 7 | 19 |
Other | 417 | 365 |  | 360 | 312
Regulatory liabilities – noncurrent | 4,608 | 4,381 |  | 4,110 | 3,921
Deferred derivative gains - short term | 491 | 142 |  | 451 | 132
Refundable energy costs | 46 | 32 |  | 12 | 2
Revenue decoupling mechanism | 18 | 11 |  | — |  | — |
Regulatory liabilities – current | 555 | 185 |  | 463 | 134
Total Regulatory Liabilities | $5,163 | $4,566 |  | $4,573 | $4,055
* See "Other Regulatory Matters," above.
Schedule of Regulatory Liabilities | Regulatory assets and liabilities at June 30, 2022 and December 31, 2021 were comprised of the following items:
| Con Edison |  | CECONY
(Millions of Dollars) | 2022 | 2021 |  | 2022 | 2021
Regulatory assets |  |  |  |  |
Environmental remediation costs | $926 | $938 |  | $847 | $860
System peak reduction and energy efficiency programs | 426 | 285 |  | 431 | 284
Pension and other postretirement benefits deferrals | 417 | 496 |  | 368 | 435
Revenue taxes | 414 | 395 |  | 396 | 378
COVID-19 pandemic deferrals | 313 | 282 |  | 305 | 277
Deferred storm costs | 279 | 276 |  | 172 | 158 |
Property tax reconciliation | 154 | 202 |  | 154 | 202
MTA power reliability deferral | 116 | 140 |  | 116 | 140
Gas Service Line Deferred Costs | 108 | 100 |  | 108 | 100
Deferred derivative losses - long term | 81 | 51 |  | 73 | 45
Municipal infrastructure support costs | 37 | 44 |  | 37 | 44
Brooklyn Queens demand management program | 34 | 36 |  | 34 | 36
Meadowlands heater odorization project | 28 | 29 |  | 28 | 29
Unrecognized pension and other postretirement costs | 27 | 128 |  | 8 | 110
Non-wire alternative projects | 23 | 23 |  | 23 | 23
Preferred stock redemption | 20 | 20 |  | 20 | 20
Legacy meters | 20 | 2 |  | — | —
Recoverable REV demonstration project costs | 19 | 16 |  | 18 | 15
Unamortized loss on reacquired debt | 13 | 16 |  | 12 | 14
Gate station upgrade project | 13 | 14 |  | 13 | 14
Other | 191 | 146 |  | 173 | 132
Regulatory assets – noncurrent | 3,659 | 3,639 |  | 3,336 | 3,316
Deferred derivative losses - short term | 131 | 141 |  | 125 | 133
Recoverable energy costs | 90 | 65 |  | 80 | 55
Regulatory assets – current | 221 | 206 |  | 205 | 188
Total Regulatory Assets | $3,880 | $3,845 |  | $3,541 | $3,504
Regulatory liabilities |  |  |  |  |
Future income tax | $1,868 | $1,984 |  | $1,729 | $1,840
Allowance for cost of removal less salvage | 1,223 | 1,199 |  | 1,051 | 1,033
Unrecognized pension and other postretirement costs | 346 | 32 |  | 283 |  | — |
Net unbilled revenue deferrals | 157 | 209 |  | 157 | 209
Deferred derivative gains - long term | 129 | 61 |  | 117 | 55
Pension and other postretirement benefit deferrals | 120 | 102 |  | 75 | 55
Net proceeds from sale of property | 86 | 103 |  | 86 | 103
System benefit charge carrying charge | 69 | 70 |  | 66 | 63
TCJA net benefits* | 62 | 125 |  | 60 | 123
Property tax refunds | 35 | 35 |  | 35 | 35
Sales and use tax refunds | 29 | 17 |  | 28 | 16
BQDM and REV Demo reconciliations | 24 | 25 |  | 21 | 22
Earnings sharing - electric, gas and steam | 13 | 13 |  | 10 | 10
Workers' compensation | 10 | 8 |  | 10 | 8
Settlement of gas proceedings | 9 | 12 |  | 9 | 12
Settlement of prudence proceeding | 6 | 6 |  | 6 | 6
Energy efficiency portfolio standard unencumbered funds | 5 | 15 |  | 7 | 19 |
Other | 417 | 365 |  | 360 | 312
Regulatory liabilities – noncurrent | 4,608 | 4,381 |  | 4,110 | 3,921
Deferred derivative gains - short term | 491 | 142 |  | 451 | 132
Refundable energy costs | 46 | 32 |  | 12 | 2
Revenue decoupling mechanism | 18 | 11 |  | — |  | — |
Regulatory liabilities – current | 555 | 185 |  | 463 | 134
Total Regulatory Liabilities | $5,163 | $4,566 |  | $4,573 | $4,055
* See "Other Regulatory Matters," above.
Schedule of Regulatory Assets Not Earning Return | Regulatory Assets Not Earning a Return*
| Con Edison | CECONY
(Millions of Dollars) | 2022 | 2021 | 2022 | 2021
Unrecognized pension and other postretirement costs | $27 | $128 | $8 | $110
Environmental remediation costs | 916 | 928 | 837 | 850
Revenue taxes | 393 | 375 | 377 | 359
COVID-19 Deferral for Uncollectible Accounts Receivable | 274 | 236 | 266 | 231
Deferred derivative losses - current | 131 | 141 | 125 | 134
Deferred derivative losses - long term | 81 | 51 | 73 | 45
Other | 50 | 24 | 49 | 24
Total | $1,872 | $1,883 | $1,735 | $1,753
*This table presents regulatory assets not earning a return for which no cash outlay has been made.

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