v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
Operating lease cost and cash paid for amounts included in the measurement of lease liabilities for the three and six months ended June 30, 2026 and 2025 were as follows:
For the Three Months Ended June 30,
Con EdisonCECONY
(Millions of Dollars)2026202520262025
Operating lease cost$18$17$18$17
Operating lease cash flows$5$4$5$4

For the Six Months Ended June 30,
Con EdisonCECONY
(Millions of Dollars)2026202520262025
Operating lease cost$36$34$36$34
Operating lease cash flows$11$9$10$8

As of June 30, 2026, CECONY has lease agreements for clean energy facilities that have not yet commenced operation, for which the total present value is $446 million. These clean energy facility leases have lease terms of 15 years and are expected to commence operation within three years.

Right-of-use assets obtained in exchange for operating lease obligations for Con Edison and CECONY were immaterial for the three and six months ended June 30, 2026. Additionally, there were $7 million of lease terminations for the three and six months ended June 30, 2026. For the three and six months ended June 30, 2025, right-of-use assets obtained in exchange for operating lease obligations for Con Edison and CECONY were immaterial and $8 million, respectively. Additionally, there were no material lease terminations for the three and six months ended June 30, 2025.
Leases Leases
Operating lease cost and cash paid for amounts included in the measurement of lease liabilities for the three and six months ended June 30, 2026 and 2025 were as follows:
For the Three Months Ended June 30,
Con EdisonCECONY
(Millions of Dollars)2026202520262025
Operating lease cost$18$17$18$17
Operating lease cash flows$5$4$5$4

For the Six Months Ended June 30,
Con EdisonCECONY
(Millions of Dollars)2026202520262025
Operating lease cost$36$34$36$34
Operating lease cash flows$11$9$10$8

As of June 30, 2026, CECONY has lease agreements for clean energy facilities that have not yet commenced operation, for which the total present value is $446 million. These clean energy facility leases have lease terms of 15 years and are expected to commence operation within three years.

Right-of-use assets obtained in exchange for operating lease obligations for Con Edison and CECONY were immaterial for the three and six months ended June 30, 2026. Additionally, there were $7 million of lease terminations for the three and six months ended June 30, 2026. For the three and six months ended June 30, 2025, right-of-use assets obtained in exchange for operating lease obligations for Con Edison and CECONY were immaterial and $8 million, respectively. Additionally, there were no material lease terminations for the three and six months ended June 30, 2025.