CONSOLIDATED EDISON INC [ED] Filings

10-Q 1 ed-20240630.htm 10-Q ed-20240630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q


☒			Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934

FOR THE QUARTERLY PERIOD ENDED June 30, 2024


☐			Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to


Commission File Number	Exact name of registrant as specified in its charter and principal executive office address and telephone number					State of Incorporation	I.R.S. Employer ID. Number
1-14514	Consolidated Edison, Inc.					New York	13-3965100
	4 Irving Place,		New York,	New York	10003
	(212)	460-4600
1-01217	Consolidated Edison Company of New York, Inc.					New York	13-5009340
	4 Irving Place,		New York,	New York	10003
	(212)	460-4600

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Consolidated Edison, Inc.

New York Stock Exchange

Common Shares ($.10 par value)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.


Consolidated Edison, Inc. (Con Edison)	Yes	☒	No ☐
Consolidated Edison Company of New York, Inc. (CECONY)	Yes	☒	No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).


Con Edison	Yes	☒	No ☐
CECONY	Yes	☒	No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Con Edison

Large accelerated filer

☒

Accelerated filer ☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

CECONY

Large accelerated filer

☐

Accelerated filer ☐

Non-accelerated filer

☒

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Con Edison

Yes

☐

☒

CECONY

Yes

☐

☒

As of July 31, 2024, Con Edison had outstanding 346,147,200 Common Shares ($.10 par value). All of the outstanding common equity of CECONY is held by Con Edison.

Filing Format

This Quarterly Report on Form 10-Q is a combined report being filed separately by two different registrants: Consolidated Edison, Inc. (Con Edison) and Consolidated Edison Company of New York, Inc. (CECONY). CECONY is a wholly-owned subsidiary of Con Edison and, as such, the information in this report about CECONY also applies to Con Edison. As used in this report, the term the “Companies” refers to Con Edison and CECONY. However, CECONY makes no representation as to the information contained in this report relating to Con Edison or the subsidiaries of Con Edison other than itself.

Glossary of Terms

The following is a glossary of abbreviations or acronyms that are used in the Companies’ SEC reports:


Con Edison Companies
Con Edison						Consolidated Edison, Inc.
CECONY						Consolidated Edison Company of New York, Inc.
Clean Energy Businesses						Con Edison Clean Energy Businesses, Inc., a former subsidiary of Con Edison
Con Edison Transmission						Con Edison Transmission, Inc., together with its subsidiaries
O&R						Orange and Rockland Utilities, Inc.
RECO						Rockland Electric Company
The Companies						Con Edison and CECONY
The Utilities						CECONY and O&R

Regulatory Agencies, Government Agencies and Other Organizations

FASB						Financial Accounting Standards Board
FERC						Federal Energy Regulatory Commission
IRS						Internal Revenue Service
NJBPU						New Jersey Board of Public Utilities

NYISO						New York Independent System Operator
NYPA						New York Power Authority
NYSDEC						New York State Department of Environmental Conservation
NYSDPS						New York State Department of Public Service

NYSPSC						New York State Public Service Commission

OTDA						Office of Temporary and Disability Assistance

SEC						U.S. Securities and Exchange Commission

Accounting
AFUDC						Allowance for Funds Used During Construction
ASC						Accounting Standards Codification Topic
ASU						Accounting Standards Update
GAAP						Generally Accepted Accounting Principles in the United States of America
HLBV						Hypothetical Liquidation at Book Value
NOL						Net Operating Loss
OCI						Other Comprehensive Income
VIE						Variable Interest Entity


Environmental

GHG						Greenhouse gases



Superfund						Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 and similar state statutes

Units of Measure


Dt						Dekatherm

kWh						Kilowatt-hour

MMlb						Million pounds

MW						Megawatt or thousand kilowatts
MWh						Megawatt hour

Other




COVID-19						Coronavirus Disease 2019 and any mutations or variants thereof













Second Quarter Financial Statements						Consolidated financial statements included in the Companies' Quarterly Report on Form 10-Q for the quarterly period ended June 30 of the current year
IRA						The federal Inflation Reduction Act, as enacted on August 16, 2022
TCJA						The federal Tax Cuts and Jobs Act of 2017, as enacted on December 22, 2017

TABLE OF CONTENTS


		PAGE
PART I—Financial Information
ITEM 1	Financial Statements (Unaudited)
	Con Edison
	Consolidated Income Statement	7
	Consolidated Statement of Comprehensive Income	8
	Consolidated Statement of Cash Flows	9
	Consolidated Balance Sheet	11
	Consolidated Statement of Equity	13
	CECONY
	Consolidated Income Statement	14
	Consolidated Statement of Comprehensive Income	15
	Consolidated Statement of Cash Flows	16
	Consolidated Balance Sheet	17
	Consolidated Statement of Shareholder’s Equity	19
	Notes to the Financial Statements (Unaudited)	20
ITEM 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	48
ITEM 3	Quantitative and Qualitative Disclosures About Market Risk	79
ITEM 4	Controls and Procedures	80
PART II—Other Information		81
ITEM 1	Legal Proceedings	81
ITEM 1A	Risk Factors	81
ITEM 6	Exhibits	81
	Signatures	82

FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as “forecasts,” “expects,” “estimates,” “anticipates,” “intends,” “believes,” “plans,” “will,” “target,” “guidance,” “potential,” "goal," “consider” and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made, and accordingly speak only as of that time. Actual results or developments might differ materially from those included in the forward-looking statements because of various factors such as those identified in reports the Companies have filed with the Securities and Exchange Commission, including, but not limited to:

•the Companies are extensively regulated and are subject to substantial penalties;

•the Utilities’ rate plans may not provide a reasonable return;

•the Companies may be adversely affected by changes to the Utilities’ rate plans;

•the failure of, or damage to, the Companies’ facilities could adversely affect the Companies;

•a cyber attack could adversely affect the Companies;

•the failure of processes and systems, the failure to retain and attract employees and contractors, and their negative performance could adversely affect the Companies;

•the Companies are exposed to risks from the environmental consequences of their operations, including increased costs related to climate change;

•Con Edison’s ability to pay dividends or interest depends on dividends from its subsidiaries;

•changes to tax laws could adversely affect the Companies;

•the Companies require access to capital markets to satisfy funding requirements;

•a disruption in the wholesale energy markets, increased commodity costs or failure by an energy supplier or customer could adversely affect the Companies;

•the Companies face risks related to health epidemics and other outbreaks;

•the Companies’ strategies may not be effective to address changes in the external business environment;

•the Companies face risks related to supply chain disruptions and inflation; and

•the Companies also face other risks that are beyond their control.

This list of factors is not all-inclusive because it is not possible to predict all factors. The Companies assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Consolidated Edison, Inc.

CONSOLIDATED INCOME STATEMENT (UNAUDITED)


	For the Three Months Ended June 30,		For the Six Months Ended June 30,
(Millions of Dollars/Except Share Data)	2024	2023	2024	2023
OPERATING REVENUES
Electric	$2,550	$2,303	$5,180	$4,840
Gas	582	571	1,939	2,001
Steam	88	69	374	375
Non-utility	—	1	2	131
TOTAL OPERATING REVENUES	3,220	2,944	7,495	7,347
OPERATING EXPENSES
Purchased power	556	495	1,199	1,198
Fuel	15	18	103	207
Gas purchased for resale	68	99	335	567
Other operations and maintenance	967	849	1,856	1,744
Depreciation and amortization	512	496	1,051	994
Taxes, other than income taxes	782	716	1,590	1,482
TOTAL OPERATING EXPENSES	2,900	2,673	6,134	6,192


Gain (Loss) on sale of the Clean Energy Businesses	—	13	(30)	867
OPERATING INCOME	320	284	1,331	2,022
OTHER INCOME (DEDUCTIONS)
Investment income	11	8	30	16
Other income	155	210	319	414
Allowance for equity funds used during construction	10	6	20	13
Other deductions	(16)	(17)	(27)	(39)
TOTAL OTHER INCOME	160	207	342	404
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE	480	491	1,673	2,426
INTEREST EXPENSE (INCOME)
Interest on long-term debt	267	234	522	485
Other interest expense	36	14	83	39
Allowance for borrowed funds used during construction	(15)	(12)	(28)	(25)
NET INTEREST EXPENSE	288	236	577	499
INCOME BEFORE INCOME TAX EXPENSE	192	255	1,096	1,927
INCOME TAX EXPENSE (BENEFIT)	(10)	29	174	272
NET INCOME	202	226	922	1,655
Loss attributable to non-controlling interest	—	—	—	(3)
NET INCOME FOR COMMON STOCK	$202	$226	$922	$1,658
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
AVERAGE NUMBER OF SHARES OUTSTANDING—BASIC (IN MILLIONS)	345.9	345.9	345.7	349.8
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (IN MILLIONS)	347.1	347.4	346.9	351.3

The accompanying notes are an integral part of these financial statements.

Consolidated Edison, Inc.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)


	Three Months Ended June 30,		Six Months Ended June 30,
(Millions of Dollars)	2024	2023	2024	2023
NET INCOME	$202	$226	$922	$1,655
LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST	—	—	—	3
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES
Pension and other postretirement benefit plan liability adjustments, net of taxes	—	(1)	(4)	3

TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES	—	(1)	(4)	3
COMPREHENSIVE INCOME	$202	$225	$918	$1,661

The accompanying notes are an integral part of these financial statements.

Consolidated Edison, Inc.

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)


	For the Six Months Ended June 30,
(Millions of Dollars)	2024	2023
OPERATING ACTIVITIES
Net income	$922	$1,655
PRINCIPAL NON-CASH CHARGES (CREDITS) TO INCOME
Depreciation and amortization	1,051	994

Deferred income taxes	161	(149)
Rate case amortization and accruals	115	44

Net derivative losses	—	12


Pre-tax loss (gain) on sale of the Clean Energy Businesses	30	(867)
Other non-cash items, net	(24)	(90)
CHANGES IN ASSETS AND LIABILITIES
Accounts receivable – customers	(61)	544
Allowance for uncollectible accounts – customers	74	(47)
Materials and supplies, including fuel oil and gas in storage	18	74
Revenue decoupling mechanism receivable	(46)	(106)
Other receivables and other current assets	167	68

Unbilled revenue and net unbilled revenue deferrals	14	63
Prepayments	32	(56)
Accounts payable	(166)	(565)
Pensions and retiree benefits obligations, net	(123)	(88)
Pensions and retiree benefits contributions	(9)	(10)
Accrued taxes	(14)	152
Accrued interest	19	(17)
Superfund and environmental remediation costs	(15)	(7)
Distributions from equity investments	2	15

Deferred charges, noncurrent assets, leases, net and other regulatory assets	(285)	(346)
Deferred credits, noncurrent liabilities and other regulatory liabilities	191	(162)
Other current liabilities	(141)	53
NET CASH FLOWS FROM OPERATING ACTIVITIES	1,912	1,164
INVESTING ACTIVITIES
Utility construction expenditures	(2,396)	(2,097)
Cost of removal less salvage	(214)	(196)
Non-utility construction expenditures	—	(140)


Proceeds from sale of the Clean Energy Businesses, net of cash and cash equivalents sold	—	3,927

Other investing activities	(12)	(42)
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES	(2,622)	1,452
FINANCING ACTIVITIES
Net issuance (payment) of short-term debt	164	(1,087)
Issuance of long-term debt	1,400	500
Retirement of long-term debt	—	(60)
Debt issuance costs	(23)	(4)
Common stock dividends	(549)	(562)

Issuance of common shares for stock plans	30	27
Repurchase of common shares	—	(1,000)
Distribution to noncontrolling interest	—	(4)


NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES	1,022	(2,190)
CASH, TEMPORARY CASH INVESTMENTS, AND RESTRICTED CASH:
NET CHANGE FOR THE PERIOD	312	426
BALANCE AT BEGINNING OF PERIOD	1,195	1,530
BALANCE AT END OF PERIOD	$1,507	$1,956
LESS: CHANGE IN CASH BALANCES HELD FOR SALE	7	1
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE	$1,500	$1,955
SUPPLEMENTAL DISCLOSURE OF CASH INFORMATION
Cash paid during the period for:
Interest, net of capitalized interest	$520	$500


Income taxes	$4	$221
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION
Construction expenditures in accounts payable	$482	$420
Issuance of common shares for dividend reinvestment	$25	$7

Equipment acquired but unpaid as of end of period	$11	$17

The accompanying notes are an integral part of these financial statements.

Consolidated Edison, Inc.

CONSOLIDATED BALANCE SHEET (UNAUDITED)


(Millions of Dollars)	June 30, 2024	December 31, 2023
ASSETS
CURRENT ASSETS
Cash and temporary cash investments	$1,500	$1,189
Accounts receivable – customers, net allowance for uncollectible accounts of $434 and $360 in 2024 and 2023, respectively	2,424	2,418
Other receivables, net allowance for uncollectible accounts of $25 and $13 in 2024 and 2023, respectively	237	444
Accrued unbilled revenue	683	722

Fuel oil, gas in storage, materials and supplies, at average cost	451	469
Prepayments	438	470
Regulatory assets	167	281
Revenue decoupling mechanism receivable	248	203
Fair value of derivative assets	38	52
Assets held for sale	165	163
Other current assets	136	126
TOTAL CURRENT ASSETS	6,487	6,537
INVESTMENTS	1,081	999
UTILITY PLANT, AT ORIGINAL COST
Electric	40,356	39,071
Gas	14,728	14,318
Steam	3,146	3,085
General	4,693	4,835
TOTAL	62,923	61,309
Less: Accumulated depreciation	15,023	14,157
Net	47,900	47,152
Construction work in progress	2,712	2,442
NET UTILITY PLANT	50,612	49,594
NON-UTILITY PLANT
Non-utility property, net accumulated depreciation of $24 in 2024 and 2023	12	13
Construction work in progress	1	1
NET PLANT	50,625	49,608
OTHER NONCURRENT ASSETS
Goodwill	408	408

Regulatory assets	5,096	4,607
Pension and retiree benefits	3,353	3,275
Operating lease right-of-use asset	510	533
Fair value of derivative assets	21	48
Other deferred charges and noncurrent assets	339	316
TOTAL OTHER NONCURRENT ASSETS	9,727	9,187
TOTAL ASSETS	$67,920	$66,331

The accompanying notes are an integral part of these financial statements.

Consolidated Edison, Inc.

CONSOLIDATED BALANCE SHEET (UNAUDITED)


(Millions of Dollars)	June 30, 2024	December 31, 2023
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Long-term debt due within one year	$250	$250

Notes payable	2,452	2,288
Accounts payable	1,496	1,775
Customer deposits	422	396
Accrued taxes	62	73

Accrued interest	190	170
Accrued wages	128	125
Fair value of derivative liabilities	83	193
Regulatory liabilities	125	145
System benefit charge	450	444
Operating lease liabilities	117	116
Liabilities held for sale	78	76
Other current liabilities	363	411
TOTAL CURRENT LIABILITIES	6,216	6,462
NONCURRENT LIABILITIES
Provision for injuries and damages	185	188
Pensions and retiree benefits	635	592
Superfund and other environmental costs	1,113	1,118
Asset retirement obligations	532	522
Fair value of derivative liabilities	74	121
Deferred income taxes and unamortized investment tax credits	8,389	8,069
Operating lease liabilities	430	429
Regulatory liabilities	5,067	5,328
Other deferred credits and noncurrent liabilities	408	417
TOTAL NONCURRENT LIABILITIES	16,833	16,784
LONG-TERM DEBT	23,311	21,927
COMMITMENTS, CONTINGENCIES, AND GUARANTEES (Note B, Note G, and Note H)



COMMON SHAREHOLDERS' EQUITY (See Statement of Common Shareholders' Equity)	21,560	21,158
TOTAL LIABILITIES AND EQUITY	$67,920	$66,331

The accompanying notes are an integral part of these financial statements.

Consolidated Edison, Inc.

CONSOLIDATED STATEMENT OF EQUITY (UNAUDITED)


(In Millions, except for dividends per share)	Common Stock		Additional Paid-In Capital	Retained Earnings	Treasury Stock		Capital Stock Expense	Accumulated Other Comprehensive Income (Loss)	Non- controlling Interest	Total
	Shares	Amount			Shares	Amount











































































































































BALANCE AS OF DECEMBER 31, 2022	355	$37	$9,803	$11,985	23	$(1,038)	$(122)	$22	$202	$20,889
Net income (loss)				1,433					(3)	1,430
Common stock dividends ($0.81 per share)				(288)						(288)

Issuance of common shares for stock plans			15							15
Common stock repurchases	(9)		(200)		9	(808)				(1,008)
Other comprehensive income								4		4
Distributions to noncontrolling interests									(4)	(4)
Disposal of the Clean Energy Businesses									(195)	(195)
BALANCE AS OF MARCH 31, 2023	346	$37	$9,618	$13,130	32	$(1,846)	$(122)	$26	$—	$20,843
Net income				226						226
Common stock dividends ($0.81 per share)				(281)						(281)

Issuance of common shares for stock plans			20							20
Common stock repurchases	(2)		169		2	(171)				(2)
Other comprehensive loss								(1)		(1)
BALANCE AS OF JUNE 30, 2023	344	$37	$9,807	$13,075	34	$(2,017)	$(122)	$25	$—	$20,805









BALANCE AS OF DECEMBER 31, 2023	345	$37	$9,861	$13,377	34	$(2,017)	$(122)	$22	$—	$21,158
Net income				720						720
Common stock dividends ($0.83 per share)				(287)						(287)

Issuance of common shares for stock plans	1	1	27							28

Other comprehensive loss								(4)		(4)

BALANCE AS OF MARCH 31, 2024	346	$38	$9,888	$13,810	34	$(2,017)	$(122)	$18	$—	$21,615
Net income				202						202
Common stock dividends ($0.83 per share)				(287)						(287)

Issuance of common shares for stock plans			30							30
BALANCE AS OF JUNE 30, 2024	346	$38	$9,918	$13,725	34	$(2,017)	$(122)	$18	$—	$21,560

The accompanying notes are an integral part of these financial statements.

Consolidated Edison Company of New York, Inc.

CONSOLIDATED INCOME STATEMENT (UNAUDITED)


	For the Three Months Ended June 30,		For the Six Months Ended June 30,
(Millions of Dollars)	2024	2023	2024	2023
OPERATING REVENUES
Electric	$2,370	$2,144	$4,812	$4,500
Gas	538	531	1,781	1,822
Steam	88	69	374	375
TOTAL OPERATING REVENUES	2,996	2,744	6,967	6,697
OPERATING EXPENSES
Purchased power	498	452	1,076	1,083
Fuel	15	18	103	207
Gas purchased for resale	57	91	292	456
Other operations and maintenance	871	757	1,659	1,507
Depreciation and amortization	482	470	993	943
Taxes, other than income taxes	759	694	1,540	1,430
TOTAL OPERATING EXPENSES	2,682	2,482	5,663	5,626
OPERATING INCOME	314	262	1,304	1,071
OTHER INCOME (DEDUCTIONS)
Investment and other income	147	190	303	376
Allowance for equity funds used during construction	9	5	18	11
Other deductions	(14)	(11)	(23)	(20)
TOTAL OTHER INCOME	142	184	298	367
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE	456	446	1,602	1,438
INTEREST EXPENSE (INCOME)
Interest on long-term debt	253	220	495	436
Other interest expense	29	14	71	43
Allowance for borrowed funds used during construction	(13)	(11)	(26)	(23)
NET INTEREST EXPENSE	269	223	540	456
INCOME BEFORE INCOME TAX EXPENSE	187	223	1,062	982
INCOME TAX EXPENSE	1	34	182	189
NET INCOME	$186	$189	$880	$793

The accompanying notes are an integral part of these financial statements.

Consolidated Edison Company of New York, Inc.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)


	For the Three Months Ended June 30,		For the Six Months Ended June 30,
(Millions of Dollars)	2024	2023	2024	2023
NET INCOME	$186	$189	$880	$793
OTHER COMPREHENSIVE LOSS, NET OF TAXES
Pension and other postretirement benefit plan liability adjustments, net of taxes	—	—	—	(1)
TOTAL OTHER COMPREHENSIVE LOSS, NET OF TAXES	—	—	—	(1)
COMPREHENSIVE INCOME	$186	$189	$880	$792

The accompanying notes are an integral part of these financial statements.

Consolidated Edison Company of New York, Inc.

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)


	For the Six Months Ended June 30,
(Millions of Dollars)	2024	2023
OPERATING ACTIVITIES
Net income	$880	$793
PRINCIPAL NON-CASH CHARGES (CREDITS) TO INCOME
Depreciation and amortization	993	943
Deferred income taxes	104	241
Rate case amortization and accruals	104	35


Other non-cash items, net	6	(85)
CHANGES IN ASSETS AND LIABILITIES
Accounts receivable – customers	(59)	538
Allowance for uncollectible accounts – customers	66	(48)
Materials and supplies, including fuel oil and gas in storage	20	49
Revenue decoupling mechanism receivable	(58)	(102)
Other receivables and other current assets	107	(191)
Unbilled revenue and net unbilled revenue deferrals	24	76
Accounts receivable from (to) affiliated companies	59	(60)
Prepayments	13	(56)
Accounts payable	(158)	(393)
Accounts payable from affiliated companies	2	7
Pensions and retiree benefits obligations, net	(131)	(89)
Pensions and retiree benefits contributions	(9)	(9)
Superfund and environmental remediation costs	(16)	(7)
Accrued taxes	(7)	(51)
Accrued taxes to affiliated companies	—	(89)
Accrued interest	19	15

Deferred charges, noncurrent assets, leases, net and other regulatory assets	(214)	(341)
Deferred credits, noncurrent liabilities and other regulatory liabilities	184	(114)
Other current liabilities	(138)	78
NET CASH FLOWS FROM OPERATING ACTIVITIES	1,791	1,140
INVESTING ACTIVITIES
Utility construction expenditures	(2,242)	(1,969)
Cost of removal less salvage	(211)	(193)




NET CASH FLOWS USED IN INVESTING ACTIVITIES	(2,453)	(2,162)
FINANCING ACTIVITIES
Net issuance (payment) of short-term debt	64	(354)
Issuance of long-term debt	1,400	500

Debt issuance costs	(23)	(5)
Capital contribution by Con Edison

CONSOLIDATED EDISON INC [ED] Filings
10-Q	[2024-08-01]
10-Q	[2024-05-02]
10-K	[2024-02-15]
10-Q	[2023-11-02]
10-Q	[2023-08-03]
10-Q	[2023-05-04]
10-K	[2023-02-16]
10-Q	[2022-11-03]
10-Q	[2022-08-04]
10-Q	[2022-05-05]
10-K	[2022-02-17]
10-Q	[2021-11-04]
10-Q	[2021-08-05]
10-Q	[2021-05-06]
10-K	[2021-02-18]
10-Q	[2020-11-05]
10-Q	[2020-08-06]
10-Q	[2020-05-07]
10-K	[2020-02-20]
10-Q	[2019-11-04]
10-Q	[2019-08-01]
10-Q	[2019-05-02]
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