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Summary of Significant Accounting Policies and Other Matters (Tables) | 6 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Basic and Diluted Earnings Per Share | For the three and six months ended June 30, 2024 and 2023, basic and diluted EPS for Con Edison are calculated as follows:
| For the Three Months Ended June 30, | For the Six Months Ended June 30,
(Millions of Dollars, except per share amounts/Shares in Millions) | 2024 | 2023 | 2024 | 2023
Net income for common stock | $202 | $226 | $922 | $1,658
Weighted average common shares outstanding – basic | 345.9 | 345.9 | 345.7 | 349.8
Add: Incremental shares attributable to effect of potentially dilutive securities | 1.2 | 1.5 | 1.2 | 1.5
Adjusted weighted average common shares outstanding – diluted | 347.1 | 347.4 | 346.9 | 351.3
Net Income per common share – basic | $0.58 | $0.65 | $2.67 | $4.74
Net Income per common share – diluted | $0.58 | $0.65 | $2.66 | $4.72
Restrictions on Cash and Cash Equivalents | At June 30, 2024 and 2023, cash, temporary cash investments and restricted cash for Con Edison were as follows; CECONY did not have material restricted cash balances as of June 30, 2024 and 2023:
| At June 30,
| Con Edison
(Millions of Dollars) | 2024 | 2023
Cash and temporary cash investments | $1,500 | $1,955
Restricted cash (a) | 7 | 1
Total cash, temporary cash investments and restricted cash | $1,507 | $1,956
(a)On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. See Note Q. Con Edison retained one deferred project, Broken Bow II, a 75MW nameplate capacity wind power project located in Nebraska. Con Edison's restricted cash for the 2023 and 2024 periods primarily include restricted cash of Broken Bow II that continued to be classified as held for sale as of June 30, 2024. See Note R.
Schedule of Cash and Cash Equivalents | At June 30, 2024 and 2023, cash, temporary cash investments and restricted cash for Con Edison were as follows; CECONY did not have material restricted cash balances as of June 30, 2024 and 2023:
| At June 30,
| Con Edison
(Millions of Dollars) | 2024 | 2023
Cash and temporary cash investments | $1,500 | $1,955
Restricted cash (a) | 7 | 1
Total cash, temporary cash investments and restricted cash | $1,507 | $1,956
(a)On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. See Note Q. Con Edison retained one deferred project, Broken Bow II, a 75MW nameplate capacity wind power project located in Nebraska. Con Edison's restricted cash for the 2023 and 2024 periods primarily include restricted cash of Broken Bow II that continued to be classified as held for sale as of June 30, 2024. See Note R.

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