{"id":821694,"date":"2025-03-04T16:28:29","date_gmt":"2025-03-04T21:28:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/con-edison-announces-public-offering-of-common-shares-3\/"},"modified":"2025-03-04T16:28:29","modified_gmt":"2025-03-04T21:28:29","slug":"con-edison-announces-public-offering-of-common-shares-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/con-edison-announces-public-offering-of-common-shares-3\/","title":{"rendered":"CON EDISON ANNOUNCES PUBLIC OFFERING OF COMMON SHARES"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n NEW YORK<\/span>
\n <\/span>, March 4, 2025<\/span><\/span> \/PRNewswire\/ — Consolidated Edison, Inc. (“Con Edison”) (NYSE: ED) announced today it has agreed to issue 6,300,000 of its common shares.\u00a0 These common shares are being offered by Barclays<\/span> under Con Edison’s effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The underwriter may offer the common shares in transactions on the New York Stock Exchange LLC, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.\u00a0 The common shares are expected to be issued on March 6, 2025<\/span>, subject to customary closing conditions.<\/p>\n

Con Edison expects to invest the net proceeds from the sale of the common shares in its subsidiaries for funding of their capital requirements and for its other general corporate purposes.<\/p>\n

The offering is being made pursuant to Con Edison’s effective shelf registration statement filed with the SEC. The preliminary prospectus supplement and the base prospectus relating to the offering will be available on the SEC’s website at http:\/\/www.sec.gov<\/a>. Copies of the prospectus supplement and the base prospectus relating to the offering may be obtained from Barclays Capital Inc., c\/o Broadridge Financial Solutions,1155 Long Island Avenue, Edgewood, New York<\/span> 11717, Toll-free: 1-888-603-5847, Email: barclaysprospectus@broadridge.com<\/a>.<\/span><\/p>\n

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities will be made only by means of the prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).<\/p>\n

This press release contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as “forecasts,” “expects,” “estimates,” “anticipates,” “intends,” “believes,” “plans,” “will,” “target,” “guidance,” “potential,” “goal,” “consider” and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made, and accordingly speak only as of that time.<\/p>\n

Actual results or developments might differ materially from those included in the forward-looking statements because of various factors such as those identified in reports Con Edison has filed with the SEC, including, but not limited to: its subsidiaries are extensively regulated and may be subject to substantial penalties; its utility subsidiaries’ rate plans may not provide a reasonable return; it may be adversely affected by changes to the utility subsidiaries’ rate plans; the failure of, or damage to, its subsidiaries’ facilities could adversely affect it; a cyber attack could adversely affect it; the failure of processes and systems, the failure to retain and attract employees and contractors, and their negative performance could adversely affect it; it is exposed to risks from the environmental consequences of its subsidiaries’ operations, including increased costs related to climate change; its ability to pay dividends or interest depends on dividends from its subsidiaries; changes to tax laws could adversely affect it; it requires access to capital markets to satisfy funding requirements; a disruption in the wholesale energy markets, increased commodity costs or failure by an energy supplier or customer could adversely affect it; it faces risks related to health epidemics and other outbreaks; its strategies may not be effective to address changes in the external business environment; it faces risks related to supply chain disruptions, inflation and the imposition of tariffs; and it also faces other risks that are beyond its control. This list of factors is not all-inclusive because it is not possible to predict all factors that could cause actual results or developments to differ from the forward-looking statements. Con Edison assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n

Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy-delivery companies. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York<\/span>, Inc., a regulated utility providing electric, gas and steam service in New York City<\/span> and\u00a0Westchester County, New York<\/span>; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300 square-mile area in southeastern New York State<\/span> and northern New Jersey<\/span>; and Con Edison Transmission, Inc., which through its subsidiaries, invests in electric transmission projects and manages, through joint ventures, both electric and gas assets.<\/p>\n

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\n \"Consolidated
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\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/con-edison-announces-public-offering-of-common-shares-302392222.html<\/a><\/p>\n

SOURCE Consolidated Edison, Inc.<\/p>\n<\/p><\/div>\n

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PR Newswire NEW YORK , March 4, 2025 \/PRNewswire\/ — Consolidated Edison, Inc. (“Con Edison”) (NYSE: ED) announced today it has agreed to issue 6,300,000 of its common shares.\u00a0 These common shares are being offered by Barclays under Con Edison’s effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The underwriter may offer the common shares in transactions on the New York Stock Exchange LLC, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.\u00a0 The common shares are expected to be issued on March 6, 2025, subject to customary closing conditions. Con Edison expects to invest the net proceeds from the sale of the common shares in its subsidiaries for … <\/p>\n

Continue reading “CON EDISON ANNOUNCES PUBLIC OFFERING OF COMMON SHARES”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-821694","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCON EDISON ANNOUNCES PUBLIC OFFERING OF COMMON SHARES - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/con-edison-announces-public-offering-of-common-shares-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CON EDISON ANNOUNCES PUBLIC OFFERING OF COMMON SHARES - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , March 4, 2025 \/PRNewswire\/ — Consolidated Edison, Inc. (“Con Edison”) (NYSE: ED) announced today it has agreed to issue 6,300,000 of its common shares.\u00a0 These common shares are being offered by Barclays under Con Edison’s effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The underwriter may offer the common shares in transactions on the New York Stock Exchange LLC, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.\u00a0 The common shares are expected to be issued on March 6, 2025, subject to customary closing conditions. 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