XML 85 R59.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Revenue Recognition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents, for the years ended December 31, 2023, 2022 and 2021, revenue from contracts with customers as defined in Accounting Standards Codification (ASC) Topic 606, "Revenue from Contracts with Customers," as well as additional revenue from sources other than contracts with customers, disaggregated by major source.
| 2023 | 2022 | 2021
(Millions of Dollars) | Revenues from contracts with customers |  | Other revenues (a) | Total operating revenues | Revenues from contracts with customers |  | Other revenues (a) | Total operating revenues | Revenues from contracts with customers |  | Other revenues (a) | Total operating revenues
CECONY |  |  |  |  |  |  |  |  |  |  |  |
Electric | $9,946 |  | $132 | $10,078 | $9,917 |  | $(166) | $9,751 | $8,736 |  | $70 | $8,806
Gas | 2,867 |  | (38) | 2,829 | 2,875 |  | 49 | 2,924 | 2,324 |  | 54 | 2,378
Steam | 551 |  | 18 | 569 | 584 |  | 9 | 593 | 519 |  | 13 | 532
Total CECONY | $13,364 |  | $112 | $13,476 | $13,376 |  | $(108) | $13,268 | $11,579 |  | $137 | $11,716
O&R |  |  |  |  |  |  |  |  |  |  |  |
Electric | 740 |  | 19 | 759 | 771 |  | 2 | 773 | 691 |  | (10) | 681
Gas | 286 |  | 11 | 297 | 306 |  | 6 | 312 | 265 |  | (5) | 260
Total O&R | $1,026 |  | $30 | $1,056 | $1,077 |  | $8 | $1,085 | $956 |  | $(15) | $941
Clean Energy Businesses (c) |  |  |  |  |  |  |  |  |  |  |  |
Renewables | 68 |  | — | 68 | 637 |  | — | 637 | 638 |  | — | 638
Energy services | 7 |  | — | 7 | 317 |  | — | 317 | 234 |  | — | 234
Develop/Transfer Projects | 7 |  | — | 7 | 44 |  |  | — | 44 | 45 |  | — | 45
Other | — |  | 47 | 47 | — |  | 321 | 321 | — |  | 105 | 105
Total Clean Energy Businesses | $82 |  | $47 | $129 | $998 |  | $321 | $1,319 | $917 |  | $105 | $1,022
Con Edison Transmission | 4 |  | — | 4 | 4 |  | — |  | 4 | 4 |  | — | 4
Other (b) | — |  | (2) | (2) | — |  | (6) | (6) | — |  | (7) | (7)
Total Con Edison | $14,476 |  | $187 | $14,663 | $15,455 |  | $215 | $15,670 | $13,456 |  | $220 | $13,676
(a) For the Utilities, this includes primarily revenue or negative revenue adjustments from alternative revenue programs, such as the revenue decoupling mechanisms under their NY electric and gas rate plans (see "Rate Plans" in Note B) and for 2021 recognition of late payment charges and fees that were not billed (LPCs) for the year ended December 31, 2021 and for which recovery was granted by the NYSPSC. See "COVID-19 Regulatory Matters" in Note B and "Utilities' Assessment of Late Payment Charges" below. The amount of revenue recognized under such alternative revenue programs for 2021 includes $48 million, $34 million and $74 million for CECONY's revenue decoupling mechanisms, net EAMs, and LPCs, respectively, and $(18) million, $2 million and $4 million for O&R's revenue decoupling mechanisms, net EAMs, and LPCs, respectively. For the Clean Energy Businesses, this included revenue from wholesale services. For the Clean Energy Businesses, this includes revenue from wholesale services. On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. See Note W and Note X. (b) Other includes the parent company, Con Edison's tax equity investments, the deferred project held for sale and consolidated adjustments. See Note X. (c) On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. See Note W and Note X.
Change in Unbilled Contract and Unearned Revenues |
| 2023 | 2022 | 2021
(Millions of Dollars) | Unbilled contract revenue (a) |  | Unearned revenue (b) |  | Unbilled contract revenue (a) |  | Unearned revenue (b) |  | Unbilled contract revenue (a) |  | Unearned revenue (b) |
Beginning balance as of January 1, | $80 |  | $3 |  | $35 |  | $7 |  | $11 |  | $41 |
Additions (c) | 2 |  | — |  | 324 |  | — |  | 242 |  | — |
Subtractions (c) | 78 |  | 3 | (d) | 279 |  | 4 | (d) | 218 |  | 34 | (d)
Ending balance as of December 31, | $4 | (e) | $— |  | $80 |  | $3 |  | $35 |  | $7 |
(a)Unbilled contract revenue represents accumulated incurred costs and earned profits on contracts (revenue arrangements), which have been recorded as revenue, but have not yet been billed to customers, and which represent contract assets as defined in Topic 606. Substantially all accrued unbilled contract revenue is expected to be collected within one year. Unbilled contract revenue arises from the cost-to-cost method of revenue recognition. Unbilled contract revenue from fixed-price type contracts is converted to billed receivables when amounts are invoiced to customers according to contractual billing terms, which generally occur when deliveries or other performance milestones are completed. (b)Unearned revenue represents a liability for billings to customers in excess of earned revenue, which are contract liabilities as defined in Topic 606. (c)Additions for unbilled contract revenue and subtractions for unearned revenue represent additional revenue earned. Additions for unearned revenue and subtractions for unbilled contract revenue represent billings. Activity also includes appropriate balance sheet classification for the period. (d)Of the subtractions from unearned revenue, $3 million, $4 million and $34 million were included in the balances as of January 1, 2023, 2022, and 2021, respectively. (e)Following the sale of the Clean Energy Businesses, Con Edison received substantially all contract revenue, net of certain costs incurred, for a battery storage project located in Imperial County, California. See Note W.

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration