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Financial Information by Business Segment (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Financial Data for Business Segments | The financial data for the business segments are as follows:
As of and for the Year Ended December 31, 2024 (Millions of Dollars) | Operating revenues | Inter- segment revenues | Other operations and maintenance(c) | Depreciation and amortization | Other operating expense (c) | Operating income | Other Income (deductions) | Interest Expense | Allowance for borrowed funds used during construction | Income Tax Expense | Total assets |  | Capital expenditures
CECONY |  |  |  |  |  |  |  |  |  |  |  |  |
Electric | $10,717 | $20 | $2,622 | $1,471 | $4,792 | $1,832 | $441 | $826 | ($41) | $193 | $46,275 |  | $3,088
Gas | 2,834 | 9 | 528 | 458 | 1,100 | 748 | 102 | 287 | (16) | 132 | 16,507 |  | 1,154
Steam | 578 | 75 | 203 | 108 | 254 | 13 | 35 | 54 | (1) | (11) | 2,868 |  | 132
Consolidation adjustments | — | (104) | — | — | — | — | — | — | — | — | — |  | —
Total CECONY | $14,129 | $— | $3,353 | $2,037 | $6,146 | $2,593 | $578 | $1,167 | ($58) | $314 | $65,650 |  | $4,374
O&R |  |  |  |  |  |  |  |  |  |  |  |  |
Electric | $852 | $— | $307 | $82 | $351 | $112 | $25 | $43 | ($5) | $24 | $2,596 |  | $214
Gas | 273 | — | 80 | 35 | 109 | 49 | 7 | 22 | — | 5 | 1,464 |  | 111
Total O&R | $1,125 | $— | $387 | $117 | $460 | $161 | $32 | $65 | ($5) | $29 | $4,060 |  | $325
Con Edison Transmission | $4 | $— | $11 | $1 | $— | ($8) | $61 | $— | $— | $8 | $470 |  | $29
Other (b) | (2) | — | — | — | 74 | (76) | (16) | 18 | — | (33) | 382 |  | —
Total Con Edison | $15,256 | $— | $3,751 | $2,155 | $6,680 | $2,670 | $655 | $1,250 | ($63) | $318 | $70,562 |  | $4,728
As of and for the Year Ended December 31, 2023 (Millions of Dollars) | Operating revenues | Inter- segment revenues | Other operations and maintenance (c) | Depreciation and amortization | Other operating expense (c) | Operating income | Other Income (deductions) | Interest Expense | Allowance for borrowed funds used during construction | Income Tax Expense | Total assets |  | Capital expenditures
CECONY |  |  |  |  |  |  |  |  |  |  |  |  |
Electric | $10,078 | $18 | $2,417 | $1,395 | $4,698 | $1,568 | $564 | $708 | ($34) | $217 | $42,226 |  | $2,909
Gas | 2,829 | 8 | 528 | 429 | 1,190 | 682 | 122 | 240 | (13) | 159 | 16,343 |  | 1,046
Steam | 569 | 74 | 231 | 100 | 311 | (73) | 46 | 46 | (2) | (18) | 3,031 |  | 128
Consolidation adjustments | — | (100) | — | — | — | — | — | — | — | — | — |  | —
Total CECONY | $13,476 | $— | $3,176 | $1,924 | $6,199 | $2,177 | $732 | $994 | ($49) | $358 | $61,600 |  | $4,083
O&R |  |  |  |  |  |  |  |  |  |  |  |  |
Electric | $759 | $— | $292 | $76 | $306 | $85 | $37 | $35 | ($3) | $20 | $2,329 |  | $211
Gas | 297 | — | 83 | 30 | 143 | 41 | 12 | 19 | — | 8 | 1,346 |  | 85
Total O&R | $1,056 | $— | $375 | $106 | $449 | $126 | $49 | $54 | ($3) | $28 | $3,675 |  | $296
Clean Energy Businesses (a) | $129 | $— | $47 | $— | $45 | $37 | $1 | $16 | $— | $3 | $— |  | $81
Con Edison Transmission | 4 | — | 11 | 1 | 1 | (9) | 62 | 2 | — | 14 | 414 |  | 49
Other (b) | (2) | — | (3) | — | (864) | 865 | (14) | 9 | — | 84 | 642 |  | —
Total Con Edison | $14,663 | $— | $3,606 | $2,031 | $5,830 | $3,196 | $830 | $1,075 | ($52) | $487 | $66,331 |  | $4,509
As of and for the Year Ended December 31, 2022 (Millions of Dollars) | Operating revenues | Inter- segment revenues | Other operations and maintenance (c) | Depreciation and amortization | Other operating expense (c) | Operating income | Other Income (deductions) | Interest Expense | Allowance for borrowed funds used during construction | Income Tax Expense | Total assets |  | Capital expenditures
CECONY |  |  |  |  |  |  |  |  |  |  |  |  |
Electric | $9,751 | $19 | $2,373 | $1,315 | $4,567 | $1,496 | $259 | $609 | ($27) | $134 | $39,153 |  | $2,522
Gas | 2,924 | 8 | 471 | 367 | 1,426 | 660 | 52 | 203 | (5) | 140 | 15,361 |  | 1,128
Steam | 593 | 76 | 198 | 96 | 320 | (21) | 21 | 43 | (1) | (19) | 2,931 |  | 108
Consolidation adjustments | — | (103) | — | — | — | — | — | — | — | — | — |  | —
Total CECONY | $13,268 | $— | $3,042 | $1,778 | $6,313 | $2,135 | $332 | $855 | ($33) | $255 | $57,445 |  | $3,758
O&R |  |  |  |  |  |  |  |  |  |  |  |  |
Electric | $773 | $— | $275 | $71 | $333 | $94 | $17 | $32 | ($3) | $17 | $2,247 |  | $167
Gas | 312 | — | 77 | 27 | 166 | 42 | 6 | 17 | — | 8 | 1,264 |  | 76
Total O&R | $1,085 | $— | $352 | $98 | $499 | $136 | $23 | $49 | ($3) | $25 | $3,511 |  | $243
Clean Energy Businesses (a) | $1,319 | $— | $503 | $178 | $270 | $368 | $3 | $(35) | $— | $84 | $7,224 |  | $399
Con Edison Transmission | 4 | — | 12 | 1 | 1 | (10) | 19 | 5 | — | 5 | 314 |  | 65
Other (b) | (6) | — | (4) | 1 | 2 | (5) | (51) | 14 | — | 129 | 571 |  | —
Total Con Edison | $15,670 | $— | $3,905 | $2,056 | $7,085 | $2,624 | $326 | $888 | ($36) | $498 | $69,065 |  | $4,465
(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, consolidation adjustments and Broken Bow II, the deferred project held for sale at December 31, 2024, the sale and transfer of which was completed in January 2025. (c)Other operations and maintenance expenses constitute significant segment expenses which are regularly provided to the CODMs. Other operating expense includes other segment items (purchased power, fuel, gas purchased for resale, taxes other than income taxes) and, for 2023, the preliminary gain on the sale of the Clean Energy Businesses. See Note W.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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