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v3.22.2.2

Regulatory Matters (Tables) | 9 Months Ended
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Sep. 30, 2022
Regulated Operations [Abstract] |
Schedule of Regulatory Assets | Regulatory assets and liabilities at September 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 | $919 | $938 |  | $840 | $860
System peak reduction and energy efficiency programs | 546 | 285 |  | 546 | 284
Pension and other postretirement benefits deferrals | 369 | 496 |  | 325 | 435
Revenue taxes | 428 | 395 |  | 409 | 378
COVID-19 pandemic deferrals | 275 | 282 |  | 272 | 277
Deferred storm costs | 270 | 276 |  | 168 | 158 |
Property tax reconciliation | 142 | 202 |  | 140 | 202
MTA power reliability deferral | 104 | 140 |  | 104 | 140
Gas Service Line Deferred Costs | 107 | 100 |  | 107 | 100
COVID-19 arrears relief program deferral | 91 | — |  |  | 88 | — |
Municipal infrastructure support costs | 33 | 44 |  | 33 | 44
Brooklyn Queens demand management program | 33 | 36 |  | 33 | 36
Deferred derivative losses - long term | 32 | 51 |  | 27 | 45
Meadowlands heater odorization project | 27 | 29 |  | 27 | 29
Unrecognized pension and other postretirement costs | 24 | 128 |  | 10 | 110
Non-wire alternative projects | 23 | 23 |  | 23 | 23
Legacy meters | 20 | 2 |  | — | —
Preferred stock redemption | 19 | 20 |  | 19 | 20
Recoverable REV demonstration project costs | 17 | 16 |  | 17 | 15
Gate station upgrade project | 14 | 14 |  | 14 | 14
Unamortized loss on reacquired debt | 12 | 16 |  | 11 | 14
Other | 200 | 146 |  | 183 | 132
Regulatory assets – noncurrent | 3,705 | 3,639 |  | 3,396 | 3,316
Deferred derivative losses - short term | 91 | 141 |  | 88 | 133
Recoverable energy costs | 191 | 65 |  | 183 | 55
Regulatory assets – current | 282 | 206 |  | 271 | 188
Total Regulatory Assets | $3,987 | $3,845 |  | $3,667 | $3,504
Regulatory liabilities |  |  |  |  |
Future income tax | $1,819 | $1,984 |  | $1,681 | $1,840
Allowance for cost of removal less salvage | 1,238 | 1,199 |  | 1,063 | 1,033
Unrecognized pension and other postretirement costs | 429 | 32 |  | 368 | — |
Net unbilled revenue deferrals | 126 | 209 |  | 126 | 209
Deferred derivative gains - long term | 152 | 61 |  | 134 | 55
Pension and other postretirement benefit deferrals | 130 | 102 |  | 85 | 55
2022 Late Payment Charge Deferral | 92 | — |  |  | 92 | — |
Net proceeds from sale of property | 78 | 103 |  | 77 | 103
System benefit charge carrying charge | 72 | 70 |  | 67 | 63
Property tax refunds | 37 | 35 |  | 35 | 35
TCJA net benefits* | 30 | 125 |  | 29 | 123
Sales and use tax refunds | 28 | 17 |  | 27 | 16
BQDM and REV Demo reconciliations | 24 | 25 |  | 21 | 22
COVID-19 pandemic uncollectible reconciliation deferral | 20 | — |  |  | 19 | — |
Earnings sharing - electric, gas and steam | 13 | 13 |  | 10 | 10
Workers' compensation | 11 | 8 |  | 11 | 8
Settlement of prudence proceeding | 6 | 6 |  | 6 | 6
Energy efficiency portfolio standard unencumbered funds | 5 | 15 |  | 7 | 19 |
Settlement of gas proceedings | 4 | 12 |  | 4 | 12
Other | 403 | 365 |  | 353 | 312
Regulatory liabilities – noncurrent | 4,717 | 4,381 |  | 4,215 | 3,921
Deferred derivative gains - short term | 521 | 142 |  | 482 | 132
Refundable energy costs | 34 | 32 |  | 4 | 2
Revenue decoupling mechanism | 13 | 11 |  | — |  | — |
Regulatory liabilities – current | 568 | 185 |  | 486 | 134
Total Regulatory Liabilities | $5,285 | $4,566 |  | $4,701 | $4,055
* See "Other Regulatory Matters," above.
Schedule of Regulatory Liabilities | Regulatory assets and liabilities at September 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 | $919 | $938 |  | $840 | $860
System peak reduction and energy efficiency programs | 546 | 285 |  | 546 | 284
Pension and other postretirement benefits deferrals | 369 | 496 |  | 325 | 435
Revenue taxes | 428 | 395 |  | 409 | 378
COVID-19 pandemic deferrals | 275 | 282 |  | 272 | 277
Deferred storm costs | 270 | 276 |  | 168 | 158 |
Property tax reconciliation | 142 | 202 |  | 140 | 202
MTA power reliability deferral | 104 | 140 |  | 104 | 140
Gas Service Line Deferred Costs | 107 | 100 |  | 107 | 100
COVID-19 arrears relief program deferral | 91 | — |  |  | 88 | — |
Municipal infrastructure support costs | 33 | 44 |  | 33 | 44
Brooklyn Queens demand management program | 33 | 36 |  | 33 | 36
Deferred derivative losses - long term | 32 | 51 |  | 27 | 45
Meadowlands heater odorization project | 27 | 29 |  | 27 | 29
Unrecognized pension and other postretirement costs | 24 | 128 |  | 10 | 110
Non-wire alternative projects | 23 | 23 |  | 23 | 23
Legacy meters | 20 | 2 |  | — | —
Preferred stock redemption | 19 | 20 |  | 19 | 20
Recoverable REV demonstration project costs | 17 | 16 |  | 17 | 15
Gate station upgrade project | 14 | 14 |  | 14 | 14
Unamortized loss on reacquired debt | 12 | 16 |  | 11 | 14
Other | 200 | 146 |  | 183 | 132
Regulatory assets – noncurrent | 3,705 | 3,639 |  | 3,396 | 3,316
Deferred derivative losses - short term | 91 | 141 |  | 88 | 133
Recoverable energy costs | 191 | 65 |  | 183 | 55
Regulatory assets – current | 282 | 206 |  | 271 | 188
Total Regulatory Assets | $3,987 | $3,845 |  | $3,667 | $3,504
Regulatory liabilities |  |  |  |  |
Future income tax | $1,819 | $1,984 |  | $1,681 | $1,840
Allowance for cost of removal less salvage | 1,238 | 1,199 |  | 1,063 | 1,033
Unrecognized pension and other postretirement costs | 429 | 32 |  | 368 | — |
Net unbilled revenue deferrals | 126 | 209 |  | 126 | 209
Deferred derivative gains - long term | 152 | 61 |  | 134 | 55
Pension and other postretirement benefit deferrals | 130 | 102 |  | 85 | 55
2022 Late Payment Charge Deferral | 92 | — |  |  | 92 | — |
Net proceeds from sale of property | 78 | 103 |  | 77 | 103
System benefit charge carrying charge | 72 | 70 |  | 67 | 63
Property tax refunds | 37 | 35 |  | 35 | 35
TCJA net benefits* | 30 | 125 |  | 29 | 123
Sales and use tax refunds | 28 | 17 |  | 27 | 16
BQDM and REV Demo reconciliations | 24 | 25 |  | 21 | 22
COVID-19 pandemic uncollectible reconciliation deferral | 20 | — |  |  | 19 | — |
Earnings sharing - electric, gas and steam | 13 | 13 |  | 10 | 10
Workers' compensation | 11 | 8 |  | 11 | 8
Settlement of prudence proceeding | 6 | 6 |  | 6 | 6
Energy efficiency portfolio standard unencumbered funds | 5 | 15 |  | 7 | 19 |
Settlement of gas proceedings | 4 | 12 |  | 4 | 12
Other | 403 | 365 |  | 353 | 312
Regulatory liabilities – noncurrent | 4,717 | 4,381 |  | 4,215 | 3,921
Deferred derivative gains - short term | 521 | 142 |  | 482 | 132
Refundable energy costs | 34 | 32 |  | 4 | 2
Revenue decoupling mechanism | 13 | 11 |  | — |  | — |
Regulatory liabilities – current | 568 | 185 |  | 486 | 134
Total Regulatory Liabilities | $5,285 | $4,566 |  | $4,701 | $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 | $24 | $128 | $10 | $110
Environmental remediation costs | 913 | 928 | 833 | 850
Revenue taxes | 408 | 375 | 392 | 359
COVID-19 Deferral for Uncollectible Accounts Receivable | 236 | 236 | 232 | 231
Deferred derivative losses - current | 91 | 141 | 88 | 134
Deferred derivative losses - long term | 32 | 51 | 27 | 45
Other | 62 | 24 | 61 | 24
Total | $1,766 | $1,883 | $1,643 | $1,753
*This table presents regulatory assets not earning a return for which no cash outlay has been made.

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