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v3.23.2

Regulatory Matters (Tables) | 6 Months Ended
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Jun. 30, 2023
Regulated Operations [Abstract] |
Schedule of Regulatory Assets | Regulatory assets and liabilities at June 30, 2023 and December 31, 2022 were comprised of the following items:
| Con Edison |  | CECONY
(Millions of Dollars) | 2023 | 2022 |  | 2023 | 2022
Regulatory assets |  |  |  |  |
Unrecognized pension and other postretirement costs | $123 | $78 |  | $123 | $78
Environmental remediation costs | 985 | 991 |  | 900 | 906
Revenue taxes | 454 | 436 |  | 434 | 417
Deferred storm costs | 239 | 270 |  | 143 | 173
Municipal infrastructure support costs | 9 | 29 |  | 9 | 29 |
Brooklyn Queens demand management program | 31 | 33 |  | 31 | 33
Meadowlands heater odorization project | 25 | 27 |  | 25 | 27
Recoverable Demonstration project costs | 18 | 17 |  | 17 | 16
Gate station upgrade project | 14 | 14 |  | 14 | 14
System peak reduction and energy efficiency programs | 832 | 783 |  | 825 | 780
Unamortized loss on reacquired debt | 9 | 11 |  | 8 | 10
Deferred derivative losses - long term | 65 | 31 |  | 60 | 26
Property tax reconciliation | 146 | 121 |  | 146 | 121
Legacy meters | 18 | 20 |  | — | —
Gas service line deferred costs | 54 | 99 |  | 54 | 99
COVID - 19 customer arrears relief programs | 433 | 104 |  |  | 430 | 101 |
Pension and other postretirement benefits deferrals | 116 | 279 |  | 93 | 240
Preferred stock redemption | 19 | 19 |  | 19 | 19
MTA power reliability deferral | 77 | 92 |  | 77 | 92
Non-wire alternative projects | 20 | 22 |  | 20 | 22
COVID - 19 pandemic deferrals | 285 | 292 |  | 281 | 288
Electric vehicle make ready | 50 | 33 |  | 45 | 30
Other | 202 | 173 |  | 190 | 148
Regulatory assets – noncurrent | 4,224 | 3,974 |  | 3,944 | 3,669
Deferred derivative losses - short term | 159 | 184 |  | 153 | 178
Recoverable energy costs | 31 | 121 |  | 20 | 108
Regulatory assets – current | 190 | 305 |  | 173 | 286
Total Regulatory Assets | $4,414 | $4,279 |  | $4,117 | $3,955
Regulatory liabilities |  |  |  |  |
Future income tax* | 1,649 | 1,753 |  | 1,514 | 1,616
Allowance for cost of removal less salvage | 1,346 | 1,315 |  | 1,162 | 1,137
Net unbilled revenue deferrals | 158 | 204 |  | 158 | 204 |
Energy efficiency portfolio standard unencumbered funds | 5 | 5 |  | 7 | 7
Settlement of prudence proceeding | 8 | 10 |  | 8 | 10
Earnings sharing - electric, gas and steam | 13 | 13 |  |  | 10 | 10 |
System benefit charge carrying charge | 81 | 73 |  | 79 | 69
BQDM and Demonstration project reconciliations | 19 | 23 |  | 17 | 21
Pension and other postretirement benefit deferrals | 179 | 144 |  | 131 | 98
Property tax refunds | 35 | 35 |  | 35 | 35
COVID - 19 pandemic uncollectible reconciliation deferral | 9 | 12 |  | 9 | 12
Late payment charge deferral | 150 | 127 |  |  | 145 | 123 |
Unrecognized pension and other postretirement costs | 1,340 | 1,638 |  | 1,257 | 1,536
Net proceeds from sale of property | 60 | 69 |  | 58 | 69
Sales and use tax refunds | 32 | 37 |  | 30 | 36
Workers’ compensation | 13 | 11 |  | 13 | 11 |
Deferred derivative gains - long term | 28 | 145 |  | 26 | 130
Other | 356 | 413 |  | 308 | 357
Regulatory liabilities – noncurrent | 5,481 | 6,027 |  | 4,967 | 5,481
Refundable energy costs | 49 | 34 |  | 19 | —
Revenue decoupling mechanism | 4 | 29 |  | — | 21
Deferred derivative gains - short term | 101 | 311 |  | 93 | 287
Regulatory liabilities – current | 154 | 374 |  | 112 | 308
Total Regulatory Liabilities | $5,635 | $6,401 |  | $5,079 | $5,789
* See "Other Regulatory Matters," above.
Schedule of Regulatory Liabilities | Regulatory assets and liabilities at June 30, 2023 and December 31, 2022 were comprised of the following items:
| Con Edison |  | CECONY
(Millions of Dollars) | 2023 | 2022 |  | 2023 | 2022
Regulatory assets |  |  |  |  |
Unrecognized pension and other postretirement costs | $123 | $78 |  | $123 | $78
Environmental remediation costs | 985 | 991 |  | 900 | 906
Revenue taxes | 454 | 436 |  | 434 | 417
Deferred storm costs | 239 | 270 |  | 143 | 173
Municipal infrastructure support costs | 9 | 29 |  | 9 | 29 |
Brooklyn Queens demand management program | 31 | 33 |  | 31 | 33
Meadowlands heater odorization project | 25 | 27 |  | 25 | 27
Recoverable Demonstration project costs | 18 | 17 |  | 17 | 16
Gate station upgrade project | 14 | 14 |  | 14 | 14
System peak reduction and energy efficiency programs | 832 | 783 |  | 825 | 780
Unamortized loss on reacquired debt | 9 | 11 |  | 8 | 10
Deferred derivative losses - long term | 65 | 31 |  | 60 | 26
Property tax reconciliation | 146 | 121 |  | 146 | 121
Legacy meters | 18 | 20 |  | — | —
Gas service line deferred costs | 54 | 99 |  | 54 | 99
COVID - 19 customer arrears relief programs | 433 | 104 |  |  | 430 | 101 |
Pension and other postretirement benefits deferrals | 116 | 279 |  | 93 | 240
Preferred stock redemption | 19 | 19 |  | 19 | 19
MTA power reliability deferral | 77 | 92 |  | 77 | 92
Non-wire alternative projects | 20 | 22 |  | 20 | 22
COVID - 19 pandemic deferrals | 285 | 292 |  | 281 | 288
Electric vehicle make ready | 50 | 33 |  | 45 | 30
Other | 202 | 173 |  | 190 | 148
Regulatory assets – noncurrent | 4,224 | 3,974 |  | 3,944 | 3,669
Deferred derivative losses - short term | 159 | 184 |  | 153 | 178
Recoverable energy costs | 31 | 121 |  | 20 | 108
Regulatory assets – current | 190 | 305 |  | 173 | 286
Total Regulatory Assets | $4,414 | $4,279 |  | $4,117 | $3,955
Regulatory liabilities |  |  |  |  |
Future income tax* | 1,649 | 1,753 |  | 1,514 | 1,616
Allowance for cost of removal less salvage | 1,346 | 1,315 |  | 1,162 | 1,137
Net unbilled revenue deferrals | 158 | 204 |  | 158 | 204 |
Energy efficiency portfolio standard unencumbered funds | 5 | 5 |  | 7 | 7
Settlement of prudence proceeding | 8 | 10 |  | 8 | 10
Earnings sharing - electric, gas and steam | 13 | 13 |  |  | 10 | 10 |
System benefit charge carrying charge | 81 | 73 |  | 79 | 69
BQDM and Demonstration project reconciliations | 19 | 23 |  | 17 | 21
Pension and other postretirement benefit deferrals | 179 | 144 |  | 131 | 98
Property tax refunds | 35 | 35 |  | 35 | 35
COVID - 19 pandemic uncollectible reconciliation deferral | 9 | 12 |  | 9 | 12
Late payment charge deferral | 150 | 127 |  |  | 145 | 123 |
Unrecognized pension and other postretirement costs | 1,340 | 1,638 |  | 1,257 | 1,536
Net proceeds from sale of property | 60 | 69 |  | 58 | 69
Sales and use tax refunds | 32 | 37 |  | 30 | 36
Workers’ compensation | 13 | 11 |  | 13 | 11 |
Deferred derivative gains - long term | 28 | 145 |  | 26 | 130
Other | 356 | 413 |  | 308 | 357
Regulatory liabilities – noncurrent | 5,481 | 6,027 |  | 4,967 | 5,481
Refundable energy costs | 49 | 34 |  | 19 | —
Revenue decoupling mechanism | 4 | 29 |  | — | 21
Deferred derivative gains - short term | 101 | 311 |  | 93 | 287
Regulatory liabilities – current | 154 | 374 |  | 112 | 308
Total Regulatory Liabilities | $5,635 | $6,401 |  | $5,079 | $5,789
* See "Other Regulatory Matters," above.
Schedule of Regulatory Assets Not Earning Return | Regulatory Assets Not Earning a Return*
| Con Edison | CECONY
(Millions of Dollars) | 2023 | 2022 | 2023 | 2022
Unrecognized pension and other postretirement costs | $123 | $78 | $123 | $78
Environmental remediation costs | 985 | 987 | 900 | 903
Revenue taxes | 449 | 414 | 431 | 397
COVID-19 Deferral for Uncollectible Accounts Receivable | 205 | 253 | 202 | 249
Deferred derivative losses - current | 159 | 184 | 153 | 178
Deferred derivative losses - long term | 65 | 31 | 60 | 26
Other | 53 | 28 | 52 | 27
Total | $2,039 | $1,975 | $1,921 | $1,858
*This table presents regulatory assets not earning a return for which no cash outlay has been made.

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