(f) Reflects $75 million, $68 million, $74 million and $85 million in 2011, 2012, 2013 and 2014, respectively, related to the adoption of Accounting Standards Update (ASU) No.2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.
” See Note C to the financial statements in Item 8.
(g) Reflects $266 million, $296 million, $122 million and $152 million in 2011, 2012, 2013, 2014, respectively, related to the adoption of ASU No.2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.
” See Note L to the financial statements in Item 8.
## Table 0 ##
(a) Reflects a $1,243 million increase in net plant and a $229 million increase in regulatory assets for deferred storm costs.
(b) Reflects a $2,797 million decrease in regulatory assets for unrecognized pension and other postretirement costs offset by an increase of $1,405 million, $280 million, $215 million and $199 million in net plant, cash, regulatory assets for environmental remediation costs and regulatory assets for future income tax, respectively.
(c) Reflects a $1,999 million increase in regulatory assets for unrecognized pension and other postretirement costs and a $1,440 million increase in net plant.
See Notes B, E and F to the financial statements in Item 8.
(d) Reflects a $1,725 million increase in net plant and a $912 million decrease in regulatory assets for unrecognized pension and other postretirement costs.
See Notes B, E and F to the financial statements in Item 8.
(e) Reflects $67 million, $62 million, $63 million and $76 million in 2011, 2012, 2013 and 2014, respectively, related to the adoption of ASU No.2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.
” See Note C to the financial statements in Item 8.
(f) Reflects $157 million, $193 million, $100 million and $118 million in 2011, 2012, 2013 and 2014, respectively, related to the adoption of ASU No.2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.
” See Note L to the financial statements in Item 8.
Significant 2015 Developments and Outlook ?
Con Edison reported 2015 net income of $1,193 million or $4.07 a share compared with $1,092 million or $3.73 a share in 2014.
Adjusted earnings were $1,196 million or $4.08 a share in 2015 compared with $1,140 million or $3.89 a share in 2014.
See “Results of Operations” in Item 7 and “Non-GAAP Financial Measure” below.  ?
In 2015, the Utilities invested $2,595 million to upgrade and reinforce their energy delivery systems, and the competitive energy businesses invested $823 million in renewable electric production projects.
In 2016, the Companies are expected to invest $3,168 million for their energy delivery systems and $985 million in renewable electric production projects.
Con Edison plans to meet its 2016 capital requirements, including for maturing securities, through internally-generated funds and the issuance of securities.
The company’s plans include the issuance of between $1,000 million and $1,500 million of long-term debt at the Utilities and the issuance of additional debt secured by its renewable electric production projects.
The company’s plans also include the issuance of up to $200 million of common equity in addition to equity under its dividend reinvestment, employee stock purchase and long term incentive plans.
See “Capital Requirements and Resources” in Item 1.  ?
In June 2015, Con Edison initiated a plan to sell the retail electric supply business of its competitive energy businesses.
In October 2015 O&R entered into an agreement to sell Pike to Corning Natural Gas Holding Corporation.
See Note U to the financial statements in Item 8.  ?
CECONY forecasts average annual growth in peak demand in its service area at design conditions over the next five years for electric and gas to be approximately 0.2 percent and 2.3 percent, respectively, and average annual decrease in steam peak demand in its service area at design conditions over the next five years to be approximately 0.8 percent.
O&R forecasts average annual growth of the peak demand in its service area over the next five years at design conditions for electric and gas to be approximately 0.3 percent and 0.6 percent, respectively.
See “The Utilities” in Item 1.  ?
In September 2015, CECONY, the New York State Public Service Commission (NYSPSC) staff and others entered into a Joint Proposal to settle the proceeding the NYSPSC commenced in February 2009 to examine the prudence of certain CECONY expenditures and related matters.
Pursuant to the Joint Proposal, which is subject to NYSPSC approval, the company is required to credit $116 million to customers and, for the period
stock appreciation rights, other stock-based awards, and cash-based awards at the discretion of the Management Development and Compensation Committee of the Board of Directors (the Committee) that administers the ICP.
Additionally, restricted stock, which may be deferred into RSU’s, may be awarded under a Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
PERFORMANCE SHARE PLAN Under the Performance Share Plan (PSP), contingent awards of International Paper common stock are granted by the Committee.
The PSP awards are earned over a three-year period.
PSP awards are earned based on the achievement of defined performance rankings of Return on Invested Capital (ROIC) and Total Shareholder Return (TSR) compared to ROIC and TSR peer groups of companies.
The 2016-2018 and 2017-2019 Awards are weighted 75% for ROIC and 25% for TSR for all participants except for officers for whom the awards are weighted 50% for ROIC and 50% for TSR.
The 2018-2020 Award is weighted 50% ROIC and 50% TSR for all participants.
The ROIC component of the PSP awards is valued at the closing stock price on the day prior to the grant date.
As the ROIC component contains a performance condition, compensation expense, net of estimated forfeitures, is recorded over the requisite service period based on the most probable number of awards expected to vest.
The TSR component of the PSP awards is valued using a Monte Carlo simulation as the TSR component contains a market condition.
The Monte Carlo simulation estimates the fair value of the TSR component based on the expected term of the award, a risk-free rate, expected dividends, and the expected volatility for the Company and its competitors.
The expected term is estimated based on the vesting period of the awards, the risk-free rate is based on the yield on U. S.  Treasury securities matching the vesting period, and the volatility is based on the Company’s historical volatility over the expected term.
PSP grants are made in performance-based restricted stock units.
The following table sets forth the assumptions used to determine compensation cost for the market condition component of the PSP plan:
## Table 1 ##
The following summarizes PSP activity for the three years ending December 31, 2018:
## Table 2 ##
RESTRICTED STOCK AWARD PROGRAMS The service-based Restricted Stock Award program (RSA), designed for recruitment, retention and special recognition purposes, provides for awards of restricted stock to key employees.
The following summarizes the activity of the RSA program for the three years ending December 31, 2018:
## Table 3 ##
At December 31, 2018, 2017 and 2016 a total of 11.9 million, 13.2 million and 14.3 million shares, respectively, were available for grant under the ICP.
The following table illustrates the incremental effect of applying SFAS No.158 on individual line items of the balance sheet as of December 31, 2006.

<table><tr><td></td><td colspan="5">For the Year Ended December 31,</td></tr><tr><td>(Millions of Dollars)</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td></tr><tr><td>Operating revenues</td><td>$10,432</td><td>$10,187</td><td>$10,430</td><td>$10,786</td><td>$10,328</td></tr><tr><td>Energy costs</td><td>3,243</td><td>2,665</td><td>2,873</td><td>2,985</td><td>2,304</td></tr><tr><td>Operating income</td><td>2,083</td><td>2,093</td><td>2,060</td><td>2,139</td><td>2,247</td></tr><tr><td>Net income</td><td>978</td><td>1,014</td><td>1,020</td><td>1,058</td><td>1,084</td></tr><tr><td>Total assets (e)(f)</td><td>34,994</td><td>36,630(a)</td><td>36,095(b)</td><td>39,443(c)</td><td>40,230(d)</td></tr><tr><td>Long-term debt (e)</td><td>9,153</td><td>9,083</td><td>9,303</td><td>10,788</td><td>10,787</td></tr><tr><td>Shareholder’s equity</td><td>10,431</td><td>10,552</td><td>10,847</td><td>11,188</td><td>11,415</td></tr></table>
<table><tr><td></td><td>Twelve Months Ended December 31, 2018</td></tr><tr><td>Expected volatility</td><td>22.75%-22.99%</td></tr><tr><td>Risk-free interest rate</td><td>1.31%-1.98%</td></tr></table>
<table><tr><td></td><td>Share/Units</td><td>WeightedAverageGrant DateFair Value</td></tr><tr><td>Outstanding at December 31, 2015</td><td>5,857,733</td><td>$38.69</td></tr><tr><td>Granted</td><td>2,617,982</td><td>37.26</td></tr><tr><td>Shares issued</td><td>-2,316,085</td><td>43.82</td></tr><tr><td>Forfeited</td><td>-209,500</td><td>43.61</td></tr><tr><td>Outstanding at December 31, 2016</td><td>5,950,130</td><td>35.89</td></tr><tr><td>Granted</td><td>2,163,912</td><td>51.78</td></tr><tr><td>Shares issued</td><td>-1,876,134</td><td>51.00</td></tr><tr><td>Forfeited</td><td>-438,024</td><td>45.96</td></tr><tr><td>Outstanding at December 31, 2017</td><td>5,799,884</td><td>36.17</td></tr><tr><td>Granted</td><td>1,751,235</td><td>62.97</td></tr><tr><td>Shares issued</td><td>-1,588,642</td><td>53.67</td></tr><tr><td>Forfeited</td><td>-196,000</td><td>56.57</td></tr><tr><td>Outstanding at December 31, 2018</td><td>5,766,477</td><td>$38.79</td></tr></table>
<table><tr><td></td><td>Shares</td><td>WeightedAverageGrant DateFair Value</td></tr><tr><td>Outstanding at December 31, 2015</td><td>120,368</td><td>$48.24</td></tr><tr><td>Granted</td><td>117,881</td><td>42.81</td></tr><tr><td>Shares issued</td><td>-59,418</td><td>47.14</td></tr><tr><td>Forfeited</td><td>-9,500</td><td>39.36</td></tr><tr><td>Outstanding at December 31, 2016</td><td>169,331</td><td>45.34</td></tr><tr><td>Granted</td><td>63,319</td><td>57.24</td></tr><tr><td>Shares issued</td><td>-59,650</td><td>47.90</td></tr><tr><td>Forfeited</td><td>-6,700</td><td>53.53</td></tr><tr><td>Outstanding at December 31, 2017</td><td>166,300</td><td>48.63</td></tr><tr><td>Granted</td><td>66,100</td><td>51.43</td></tr><tr><td>Shares issued</td><td>-100,289</td><td>48.44</td></tr><tr><td>Forfeited</td><td>—</td><td>—</td></tr><tr><td>Outstanding at December 31, 2018</td><td>132,111</td><td>$50.17</td></tr></table>

Question: What is the ratio of Operating revenues to the Shares issued for Shares in 2015?
Answer: -0.17382