v3.26.1
Related Party Transactions
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The NYSPSC generally requires that the Utilities and Con Edison’s other subsidiaries be operated as separate entities. The Utilities may provide administrative and other services to Con Edison and its other subsidiaries only pursuant to cost allocation policies and procedures approved by the NYSPSC. Transfers of certain assets between the Utilities and Con Edison or its other subsidiaries may be made only as approved by the NYSPSC. The debt of the Utilities is to be raised directly by the Utilities and not derived from Con Edison. Without the prior permission of the NYSPSC, the Utilities may not make loans to, guarantee the obligations of, or pledge assets as security for the indebtedness of Con Edison or its other subsidiaries. The NYSPSC limits the dividends that the Utilities may pay Con Edison. As a result, substantially all of the net assets of CECONY and O&R ($23,567 million and $1,463 million, respectively), at June 30, 2026, are considered restricted net assets. The NYSPSC may impose additional measures to separate, or “ring fence,” the Utilities from Con Edison and its other subsidiaries.

The costs of administrative and other services provided by CECONY to, and received by it from, Con Edison and its other subsidiaries for the three and six months ended June 30, 2026 and 2025 were as follows:
For the Three Months Ended
June 30,
CECONY
(Millions of Dollars)20262025
Cost of services provided$43$37
Cost of services received$22$22
For the Six Months Ended June 30,
CECONY
(Millions of Dollars)20262025
Cost of services provided$81$77
Cost of services received$43$42
In addition, CECONY and O&R have joint gas supply arrangements pursuant to which CECONY sold to, or acted as agent to purchase for, O&R, $12 million and $19 million of natural gas for the three months ended June 30, 2026 and 2025, respectively, and $73 million and $63 million of natural gas for the six months ended June 30, 2026 and 2025, respectively. These amounts are net of the effect of related hedging transactions.

At June 30, 2026 and December 31, 2025, CECONY's net receivable from Con Edison for income taxes was $232 million and $24 million, respectively.

The Utilities perform work and incur expenses on behalf of New York Transco, a company in which Con Edison Transmission owns an interest. The Utilities bill New York Transco for such work and expenses in accordance with established policies. For the three months ended June 30, 2026 and 2025, the amounts billed by the Utilities to New York Transco were immaterial. For the six months ended June 30, 2026 and 2025, the amounts billed by the Utilities to New York Transco were immaterial.

The FERC has authorized CECONY to lend funds to O&R for a period of not more than 12 months, in an amount not to exceed $250 million, at prevailing market rates. At June 30, 2026 and December 31, 2025, there were no outstanding loans to O&R.