XML 62 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Financial Information by Business Segment | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Financial Information by Business Segment | Financial Information by Business Segment The business segments of each of the Companies, which are its operating segments, were determined based on management’s reporting and decision-making requirements in accordance with the accounting rules for segment reporting. Con Edison’s principal business segments are CECONY’s regulated utility activities, O&R’s regulated utility activities and Con Edison Transmission. CECONY’s principal business segments are its regulated electric, gas and steam utility activities. All revenues of these business segments are from customers located in the United States of America. Also, all assets of the business segments are located in the United States of America. The accounting policies of the segments are the same as those described in Note A. Common services shared by the business segments are assigned directly or allocated based on various cost factors, depending on the nature of the service provided. The financial data for the business segments are as follows:
As of and for the Year Ended December 31, 2023 (Millions of Dollars) | Operating revenues | Inter- segment revenues | Depreciation and amortization | Operating income | Other Income (deductions) | Interest charges | Income Tax Expense | Total assets |  | Capital expenditures
CECONY |  |  |  |  |  |  |  |  |  |
Electric | $10,078 | $18 | $1,395 | $1,568 | $564 | $674 | $217 | $42,226 |  | $2,909
Gas | 2,829 | 8 | 429 | 682 | 122 | 227 | 159 | 16,343 |  | 1,046
Steam | 569 | 74 | 100 | (73) | 46 | 44 | (18) | 3,031 |  | 128
Consolidation adjustments | — | (100) | — | — | — | — | — | — |  | —
Total CECONY | $13,476 | $— | $1,924 | $2,177 | $732 | $945 | $358 | $61,600 |  | $4,083
O&R |  |  |  |  |  |  |  |  |  |
Electric | $759 | $— | $76 | $85 | $37 | $32 | $20 | $2,329 |  | $211
Gas | 297 | — | 30 | 41 | 12 | 19 | 8 | 1,346 |  | 85
Total O&R | $1,056 | $— |  | $106 | $126 | $49 | $51 | $28 | $3,675 |  | $296
Clean Energy Businesses (a) | $129 | $— | $— | $37 | $1 | $16 | $3 | $— |  | $81
Con Edison Transmission | 4 | — | 1 | (9) | 62 | 2 | 14 | 414 |  | 49
Other (b) | (2) | — | — | 865 | (14) | 9 | 84 | 642 |  | —
Total Con Edison | $14,663 | $— | $2,031 | $3,196 | $830 | $1,023 | $487 | $66,331 |  | $4,509
As of and for the Year Ended December 31, 2022 (Millions of Dollars) | Operating revenues | Inter- segment revenues | Depreciation and amortization | Operating income | Other Income (deductions) | Interest charges | Income Tax Expense | Total assets |  | Capital expenditures
CECONY |  |  |  |  |  |  |  |  |  |
Electric | $9,751 | $19 | $1,315 | $1,496 | $259 | $582 | $134 | $39,153 |  | $2,522
Gas | 2,924 | 8 | 367 | 660 | 52 | 198 | 140 | 15,361 |  | 1,128
Steam | 593 | 76 | 96 | (21) | 21 | 42 | (19) | 2,931 |  | 108
Consolidation adjustments | — | (103) | — | — | — | — | — | — |  | —
Total CECONY | $13,268 | $— | $1,778 | $2,135 | $332 | $822 | $255 | $57,445 |  | $3,758
O&R |  |  |  |  |  |  |  |  |  |
Electric | $773 | $— | $71 | $94 | $17 | $29 | $17 | $2,247 |  | $167
Gas | 312 | — | 27 | 42 | 6 | 17 | 8 | 1,264 |  | 76
Total O&R | $1,085 | $— | $98 | $136 | $23 | $46 | $25 | $3,511 |  | $243
Clean Energy Businesses (a) | $1,319 | $— | $178 | $368 | $3 | $(35) | $84 | $7,224 |  | $399
Con Edison Transmission | 4 | — | 1 | (10) | 19 | 5 | 5 | 314 |  | 65
Other (b) | (6) | — | 1 | (5) | (51) | 14 | 129 | 571 |  | —
Total Con Edison | $15,670 | $— | $2,056 | $2,624 | $326 | $852 | $498 | $69,065 |  | $4,465
As of and for the Year Ended December 31, 2021 (Millions of Dollars) | Operating revenues | Inter- segment revenues | Depreciation and amortization | Operating income | Other Income (deductions) | Interest charges | Income Tax Expense | Total assets |  | Capital expenditures
CECONY |  |  |  |  |  |  |  |  |  |
Electric | $8,806 | $18 | $1,286 | $1,802 | $(84) | $542 | $146 | $36,260 |  | $2,189
Gas | 2,378 | 8 | 326 | 646 | (16) | 179 | 109 | 13,748 |  | 1,126
Steam | 532 | 74 | 93 | 12 | (8) | 41 | (9) | 2,647 |  | 103
Consolidation adjustments | — | (100) | — | — | — | — | — | — |  | —
Total CECONY | $11,716 | $— | $1,705 | $2,460 | $(108) | $762 | $246 | $52,655 |  | $3,418
O&R |  |  |  |  |  |  |  |  |  |
Electric | $681 | $— | $69 | $100 | $(8) | $27 | $14 | $2,123 |  | $147
Gas | 260 | — | 26 | 50 | (4) | 15 | 7 | 1,169 |  | 70
Total O&R | $941 | $— | $95 | $150 | $(12) | $42 | $21 | $3,292 |  | $217
Clean Energy Businesses (a) | $1,022 | $— | $231 | $236 | $(10) | $68 | $44 | $6,554 |  | $298
Con Edison Transmission | 4 | — | 1 | (16) | (407) | 9 | (114) | 249 |  | 31
Other (b) | (7) | — | — | (4) | (1) | 24 | (7) | 366 |  | —
Total Con Edison | $13,676 | $— | $2,032 | $2,826 | $(538) | $905 | $190 | $63,116 |  | $3,964
(a)The Clean Energy Businesses were classified as held for sale as of December 31, 2022. On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. As a result of this sale, the Clean Energy Businesses are no longer a principal segment. 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 consolidation adjustments.

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration