CONSOLIDATED EDISON INC
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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Gas Sales and Deliveries
O&R delivers gas to its full-service customers who purchase gas from the company. O&R generally recovers the cost of the gas that it buys and then sells to its full-service customers. It does not make any margin or profit on the gas it sells. Under the company's retail choice program, O&R also delivers gas to its customers who choose to purchase gas from other suppliers. O&R’s gas delivery revenues are subject to a weather normalization clause and to a revenue decoupling mechanism. As a result, its gas delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved. O&R’s gas sales and deliveries for the last five years were:
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Gas Delivered (MDt) | |||||
| Firm sales | |||||
| Full service | 12,537 | 11,877 | 13,998 | 15,353 | 14,357 |
| Firm transportation | 9,459 | 8,271 | 7,584 | 6,396 | 5,055 |
| Total Firm Sales | 21,996 | 20,148 | 21,582 | 21,749 | 19,412 |
| Interruptible sales | 3,668 | 3,633 | 3,821 | 3,911 | 3,301 |
| Total Gas Delivered to O&R Customers | 25,664 | 23,781 | 25,403 | 25,660 | 22,713 |
| Transportation of customer-owned gas | |||||
| Sales for resale | 914 | 658 | 468 | 673 | 334 |
| Sales to electric generating stations | 4 | 59 | 26 | 10 | 4 |
| Off-system sales | 1 | 19 | 81 | 73 | 20 |
| Total Sales | 26,583 | 24,517 | 25,978 | 26,416 | 23,071 |
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Gas Delivered ($ in millions) | |||||
| Firm sales | |||||
| Full service | $161 | $141 | $190 | $245 | $230 |
| Firm transportation | 63 | 62 | 55 | 45 | 38 |
| Total Firm Sales | 224 | 203 | 245 | 290 | 268 |
| Interruptible Sales | 6 | 6 | 6 | 6 | 6 |
| Total Gas Delivered to O&R Customers | 230 | 209 | 251 | 296 | 274 |
| Transportation of customer-owned gas | |||||
| Sales to electric generating stations | — | — | — | — | — |
| Other operating revenues | 29 | 24 | 9 | 16 | 23 |
| Total Sales | $259 | $233 | $260 | $312 | $297 |
| Average Revenue Per Dt Sold | |||||
| Residential | $13.32 | $12.40 | $14.09 | $16.49 | $16.90 |
| General | $10.68 | $9.51 | $11.24 | $13.62 | $12.64 |
For further discussion of the company’s gas operating revenues and its gas results, see “Results of Operations” in Item 7. For additional segment information, see Note P to the financial statements in Item 8.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.