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v3.23.1

Income Tax (Tables) | 3 Months Ended
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Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Reconciliation | Reconciliation of the difference between income tax expense and the amount computed by applying the prevailing statutory income tax rate to income before income taxes for the three months ended March 31, 2023 and 2022 is as follows:
| Con Edison | CECONY
(% of Pre-tax income) | 2023 | 2022 | 2023 | 2022
STATUTORY TAX RATE |  |  |  |
Federal | 21 | % | 21 | % | 21 | % | 21 | %
Changes in computed taxes resulting from: |  |  |  |
State income tax, net of federal income tax benefit | 5 |  | 5 |  | 5 |  | 5 |
Amortization of excess deferred federal income taxes | (3) |  | (6) |  | (6) |  | (7) |
Taxes attributable to non-controlling interest | — |  | 2 |  | — |  | — |
Cost of removal | — |  | 1 |  | 1 |  | 1 |
Renewable energy credits | — |  | (1) |  | — |  | — |
Allowance for uncollectible accounts, net of COVID-19 assistance | — |  | — |  | (1) |  | — |
Impacts from the sale of Clean Energy Businesses: |  |  |  |
Deferred unamortized ITC recognized on sale of subsidiary | (7) |  | — |  | — |  | — |
Changes in state apportionments, net of federal income taxes | (3) |  | — |  | — |  | — |
Valuation allowance on state NOLs, net of federal income tax | 1 |  | — |  | — |  | — |
Effective tax rate | 14 | % | 22 | % | 20 | % | 20 | %

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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