Ownership / Consolidated Edison Co Of New York Inc | Tables in SEC filings

ED Consolidated Edison, Inc.

Annual report

Variation for the Year Ended December 31, 2022 vs. 2021
Net Income for Common Stock (Millions of Dollars)	Earnings per Share
CECONY (a)	Higher electric rate base	$48	$0.14
Higher gas rate base	39	0.11
Lower costs related to winter storms and heat events	26	0.08
Higher income from allowance for funds used during construction	16	0.04
Lower health care and other employee benefits costs	13	0.03
Weather impact on steam revenues	6	0.02
Resumption of the billing of late payment charges and other fees to allowed rate plan levels	(34)	(0.10)
Lower incentives earned under the electric and gas earnings adjustment mechanisms (EAMs) and positive incentives	(28)	(0.08)
Higher stock-based compensation costs	(18)	(0.05)
Regulatory commission expense	(11)	(0.03)
Higher payroll taxes	(4)	(0.01)
Dilutive effect of stock issuances	—	(0.07)
Other	(7)	(0.02)
Total CECONY	46	0.06
O&R (a)	Electric base rate increase	16	0.04
Gas base rate increase	8	0.02
Higher stock-based compensation costs	(2)	(0.01)
Other	(9)	(0.02)
Total O&R	13	0.03
Clean Energy Businesses (b)	Higher wholesale revenue	207	0.59
Net mark-to-market effects	95	0.27
Impact of the sale of the Clean Energy Businesses	44	0.12
Loss from sale of a renewable electric project in 2021	3	0.01
Higher gas purchased for resale	(135)	(0.39)
HLBV effects	(61)	(0.17)
Higher operation and maintenance expense from engineering, procurement and construction of renewable electric projects	(21)	(0.06)
Higher cost from purchased power	(5)	(0.01)
Lower tax credits	(4)	(0.01)
Higher interest expense	(3)	(0.01)
Dilutive effect of stock issuances	—	(0.02)
Other	(4)	—
Total Clean Energy Businesses	116	0.32
Con Edison Transmission	Impairment loss related to investment in Mountain Valley Pipeline, LLC	168	0.48
Impairment loss related to investment in Stagecoach in 2021	153	0.44
Impairment loss related to investment in Honeoye in 2021	5	0.02
Lower interest expense	3	0.01
Lower investment income	(14)	(0.04)
Remeasurement of deferred state tax related to dispositions prior to 2022	(4)	(0.01)
Other	4	0.01
Total Con Edison Transmission	315	0.91
Other, including parent company expenses	HLBV effects	5	—
Impact of the sale of the Clean Energy Businesses	(158)	(0.44)

Year Ended December 31,
2019	2020	2021	2022	2023
Gas Delivered (MDt)	Firm sales	Full service	87,637	78,515	81,637	85,246	77,525
Firm transportation	81,710	76,614	76,765	75,172	72,740
Total Firm Sales	169,347	155,129	158,402	160,418	150,265
Interruptible sales (a)	9,903	8,482	5,927	6,098	7,892
Total Gas Delivered to CECONY Customers	179,250	163,611	164,329	166,516	158,157
Transportation of customer-owned gas	NYPA	39,643	41,577	43,094	45,085	53,541
Other (mainly generating plants and interruptible transportation)	72,712	70,537	67,871	72,448	80,378
Off-system sales	12	12	12	12	12
Total Sales	291,617	275,737	275,306	284,061	292,088
Gas Delivered ($ in millions)	Firm sales	Full service	$1,327	$1,229	$1,473	$1,850	$1,791
Firm transportation	593	649	704	798	853
Total Firm Sales	1,920	1,878	2,177	2,648	2,644
Interruptible sales	42	27	29	51	49
Total Gas Delivered to CECONY Customers	1,962	1,905	2,206	2,699	2,693
Transportation of customer-owned gas	NYPA			2	2	2	2	2
Other (mainly generating plants and interruptible transportation)	54	55	59	64	58
Other operating revenues (mainly regulatory amortizations)	114	74	111	159	76
Total Sales	$2,132	$2,036	$2,378	$2,924	$2,829
Average Revenue per Dt Sold	Residential			$17.33	$18.59	$20.71	$24.67	$26.63
General	$11.55	$10.77	$13.67	$17.17	$18.03

	For the Years Ended December 31,
(Millions of Dollars)		2023	2022	2021
NET INCOME		$2,516	$1,600	$1,193
LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST		3	60	153
OTHER COMPREHENSIVE INCOME, NET OF TAXES		Pension and other postretirement benefit plan liability adjustments, net of taxes	—	16	30
Other income, net of taxes		—	1	—
TOTAL OTHER COMPREHENSIVE INCOME, NET OF TAXES		—	17	30
COMPREHENSIVE INCOME		$2,519	$1,677	$1,376

(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		Shares		Amount	Shares	Amount	Total
BALANCE AS OF DECEMBER 31, 2020		342	$36					$8,808		$11,178								23		$(1,038)	$(112)	$(25)	$218	$19,065
Net income (loss)		1,346	(153)		1,193
Common stock dividends ($3.10 per share)		(1,079)	(1,079)
Issuance of common shares - public offering		10	1		775		(10)		766
Issuance of common shares for stock plans		2	127		127
Other comprehensive income		30	30
Distributions to noncontrolling interests		(23)	(23)
Net proceeds from sale of equity interest		257	257
BALANCE AS OF DECEMBER 31, 2021		354	$37		$9,710		$11,445		23		$(1,038)		$(122)		$5		$299		$20,336
Net income (loss)		1,660	(60)		1,600
Common stock dividends ($3.16 per share)		(1,120)	(1,120)
Issuance of common shares for stock plans		1	93		93
Other comprehensive income		17	17
Distributions to noncontrolling interests		(37)	(37)
BALANCE AS OF DECEMBER 31, 2022		355	$37		$9,803		$11,985		23		$(1,038)		$(122)		$22		$202		$20,889
Net income (loss)		2,519	(3)		2,516
Common stock dividends ($3.24 per share)		(1,127)	(1,127)
Issuance of common shares for stock plans		1	89		89
Common stock repurchases		(11)	(31)		11		(979)		(1,010)
Distributions to noncontrolling interests		(4)	(4)
Disposal of Clean Energy Businesses		(195)	(195)
BALANCE AS OF DECEMBER 31, 2023		345	$37		$9,861		$13,377		34		$(2,017)		$(122)		$22		$—		$21,158

LONG-TERM DEBT (Millions of Dollars)		At December 31,
Maturity	Interest Rate			Series	2023	2022
TAX-EXEMPT DEBT - Notes issued to New York State Energy Research and Development Authority for Facilities Revenue Bonds:				2036	3.92	(a)	2010A	$225	$225
2039	3.83		(a)	2004C	99	99
2039	3.80		(a)	2005A	126	126
TOTAL TAX-EXEMPT DEBT				450	450
PROJECT DEBT (b):			2023	6.91	(c)	Copper Mountain Solar 2	—	179
2025	6.91		(c)	Copper Mountain Solar 3	—	229
2026	5.92		(c)	CED Southwest	—	408
2028	4.41		Wind Holdings	—	87
2028	6.48		(c)	Copper Mountain Solar 1	—	41
2028	6.42		(c)	CED California Texas	—	236
2031	2.24 - 3.03		(d)	Mesquite Solar 1	—	149
2031-2038	5.25 - 4.95		(d)	Texas Solar 4	—	49
2036	3.94		California Solar 2	—	86
2036	4.07		California Solar 3	—	77
2037	4.78		California Solar	—	168
2038	3.82		California Solar 4	—	265
2039	4.82		Broken Bow II	62	64
2040	4.53		Texas Solar 5	—	132
2041	4.21		Texas Solar 7	—	180
2042	4.45		Upton County Solar	—	81
2046	3.77		CED Nevada Virginia	—	228
Other project debt	—		6
TOTAL PROJECT DEBT			62	2,665
Other long-term debt	—		(1)
Unamortized debt expense			(162)	(172)
Unamortized debt discount				(60)	(51)
TOTAL	22,240		23,441
Less: Long-term debt due within one year				251	1,002
TOTAL LONG-TERM DEBT				21,989	22,439
Less: Held for sale project debt, net (b)			62	2,292
TOTAL LONG-TERM DEBT EXCLUDING HELD FOR SALE			21,927	20,147
TOTAL CAPITALIZATION				$43,085	$40,834

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