The components of the Companies’ total periodic benefit credit for the three and six months ended June 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | Con Edison | CECONY | | (Millions of Dollars) | 2026 | 2025 | 2026 | 2025 | | Service cost – including administrative expenses | $45 | $42 | $43 | $40 | | Interest cost on projected benefit obligation | 167 | 170 | 157 | 159 | | Expected return on plan assets | (261) | (279) | (251) | (267) | | Recognition of net actuarial gain | (22) | (67) | (21) | (63) | | Recognition of prior service credit | (5) | (5) | (5) | (5) | | TOTAL PERIODIC BENEFIT CREDIT | $(76) | $(139) | $(77) | $(136) | | Cost capitalized | (28) | (24) | (26) | (22) | | Reconciliation to rate level | (38) | (13) | (38) | (14) | | Total credit recognized | $(142) | $(176) | $(141) | $(172) |
| | | | | | | | | | | | | | | | For the Six Months Ended June 30, | | Con Edison | CECONY | | (Millions of Dollars) | 2026 | 2025 | 2026 | 2025 | | Service cost – including administrative expenses | $90 | $84 | $86 | $79 | | Interest cost on projected benefit obligation | 334 | 338 | 315 | 318 | | Expected return on plan assets | (523) | (558) | (502) | (533) | | Recognition of net actuarial gain | (44) | (133) | (43) | (126) | | Recognition of prior service credit | (9) | (9) | (10) | (10) | | TOTAL PERIODIC BENEFIT CREDIT | $(152) | $(278) | $(154) | $(272) | | Cost capitalized | (54) | (45) | (51) | (42) | | Reconciliation to rate level | (79) | (29) | (78) | (30) | | Total credit recognized | $(285) | $(352) | $(283) | $(344) |
The components of the Companies’ total periodic other postretirement benefit credit for the three and six months ended June 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | Con Edison | CECONY | | (Millions of Dollars) | 2026 | 2025 | 2026 | 2025 | | Service cost - including administrative expenses | $3 | $3 | $2 | $2 | | Interest cost on projected other postretirement benefit obligation | 12 | 12 | 10 | 10 | | Expected return on plan assets | (16) | (17) | (13) | (13) | | Recognition of net actuarial gain | (2) | (7) | — | (4) | | Recognition of prior service credit | (1) | — | — | — | | TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT | $(4) | $(9) | $(1) | $(5) | | Cost capitalized | (2) | (2) | (1) | (1) | | Reconciliation to rate level | 3 | 4 | 2 | 2 | | Total credit recognized | $(3) | $(7) | $— | $(4) |
| | | | | | | | | | | | | | | | For the Six Months Ended June 30, | | Con Edison | CECONY | | (Millions of Dollars) | 2026 | 2025 | 2026 | 2025 | | Service cost - including administrative expenses | $6 | $6 | $4 | $5 | | Interest cost on projected other postretirement benefit obligation | 23 | 24 | 20 | 21 | | Expected return on plan assets | (32) | (34) | (25) | (27) | | Recognition of net actuarial gain | (4) | (13) | — | (9) | | Recognition of prior service credit | (1) | (1) | — | — | | TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT | $(8) | $(18) | $(1) | $(10) | | Cost capitalized | (3) | (3) | (2) | (2) | | Reconciliation to rate level | 5 | 6 | 3 | 4 | | Total credit recognized | $(6) | $(15) | $— | $(8) |
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