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Income Tax (Tables) | 9 Months Ended
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Sep. 30, 2024
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 September 30, 2024 and 2023 is as follows:
| For the Three Months Ended September 30, |  |
| Con Edison | CECONY |  |
(% of Pre-tax income) | 2024 | 2023 | 2024 | 2023 |  |
STATUTORY TAX RATE |  |  |  |  |  |
Federal | 21 | % | 21 | % | 21 | % | 21 | % |  |
Changes in computed taxes resulting from: |  |  |  |  |  |
State income tax, net of federal income taxes | 5 |  | 8 |  | 5 |  | 5 |  |  |
Amortization of excess deferred federal income taxes | (7) |  | (6) |  | (7) |  | (7) |  |  |
Cost of removal | 1 |  | 1 |  | 1 |  | 1 |  |  |
Allowance for uncollectible accounts, net of COVID-19 assistance | (1) |  | (2) |  | (1) |  | (2) |  |  |
Changes in state apportionments, net of federal income taxes | — |  | 1 |  | — |  | — |  |  |
Other | — |  | (2) |  | (1) |  | (1) |  |  |
Effective tax rate | 19 | % | 21 | % | 18 | % | 17 | % |  |
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 nine months ended September 30, 2024 and 2023 is as follows:
| For the Nine Months Ended September 30, |  |  |
| Con Edison | CECONY |  |  |
(% of Pre-tax income) | 2024 | 2023 | 2024 | 2023 |  |  |
STATUTORY TAX RATE |  |  |  |  |  |  |
Federal | 21 | % | 21 | % | 21 | % | 21 | % |  |  |
Changes in computed taxes resulting from: |  |  |  |  |  |  |
State income tax, net of federal income taxes | 5 |  | 5 |  | 5 |  | 5 |  |  |  |
Cost of removal | 2 |  | 1 |  | 2 |  | 2 |  |  |  |
Other plant-related items | (1) |  | — |  | — |  | (1) |  |  |  |
Renewable energy credits | (1) |  | (1) |  | — |  | — |  |  |  |
Amortization of excess deferred federal income taxes | (8) |  | (5) |  | (9) |  | (8) |  |  |  |
Other | (1) |  | — |  | (1) |  | — |  |  |  |
Impacts from the sale of the Clean Energy Businesses: |  |  |  |  |  |  |
Changes in state apportionments, net of federal income taxes | — |  | (1) |  | — |  | — |  |  |  |
Deferred unamortized ITC recognized on sale of subsidiary | — |  | (4) |  | — |  | — |  |  |  |
Effective tax rate | 17 | % | 16 | % | 18 | % | 19 | % |  |  |

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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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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