CONSOLIDATED EDISON INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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Gas Sales and Deliveries
CECONY delivers gas to its full-service customers who purchase gas from the company. The company 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, CECONY also delivers gas to its customers who choose to purchase gas from other suppliers. CECONY’s gas delivery revenues are subject to a weather normalization clause and 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. CECONY’s gas sales and deliveries for the last five years were:
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2021 | 2020 | |
| Gas Delivered (MDt) | |||||
| Firm sales | |||||
| Full service | 74,503 | 77,525 | 85,246 | 81,637 | 78,515 |
| Firm transportation | 71,521 | 72,740 | 75,172 | 76,765 | 76,614 |
| Total Firm Sales | 146,024 | 150,265 | 160,418 | 158,402 | 155,129 |
| Interruptible sales | 2,959 | 7,892 | 6,098 | 5,927 | 8,482 |
| Total Gas Delivered to CECONY Customers | 148,983 | 158,157 | 166,516 | 164,329 | 163,611 |
| Transportation of customer-owned gas | |||||
| NYPA | 56,291 | 53,541 | 45,085 | 43,094 | 41,577 |
| Other (mainly generating plants and interruptible transportation) | 79,930 | 80,378 | 72,448 | 67,871 | 70,537 |
| Off-system sales | 12 | 12 | 12 | 12 | 12 |
| Total Sales | 285,216 | 292,088 | 284,061 | 275,306 | 275,737 |
| Gas Delivered ($ in millions) | |||||
| Firm sales | |||||
| Full service | $1,788 | $1,791 | $1,850 | $1,473 | $1,229 |
| Firm transportation | 914 | 853 | 798 | 704 | 649 |
| Total Firm Sales | 2,702 | 2,644 | 2,648 | 2,177 | 1,878 |
| Interruptible sales | 28 | 49 | 51 | 29 | 27 |
| Total Gas Delivered to CECONY Customers | 2,730 | 2,693 | 2,699 | 2,206 | 1,905 |
| Transportation of customer-owned gas | |||||
| NYPA | 2 | 2 | 2 | 2 | 2 |
| Other (mainly generating plants and interruptible transportation) | 60 | 58 | 64 | 59 | 55 |
| Other operating revenues (mainly regulatory amortizations) | 42 | 76 | 159 | 111 | 74 |
| Total Sales | $2,834 | $2,829 | $2,924 | $2,378 | $2,036 |
| Average Revenue per Dt Sold | |||||
| Residential | $25.93 | $26.63 | $24.67 | $20.71 | $18.59 |
| General | $21.18 | $18.03 | $17.17 | $13.67 | $10.77 |
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.