Two National Guard members shot near White House
Consolidated Edison Company of New York, Inc., a subsidiary of Consolidated Edison, Inc. (NYSE:ED), announced Monday that it entered into an underwriting agreement for the sale of $900 million in aggregate principal amount of 5.75% Debentures, Series 2025 A, due 2055. The underwriters for the transaction include Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. The utility giant, currently trading at $100.17 with a market capitalization of $36.25 billion, has maintained dividend payments for 55 consecutive years, according to InvestingPro data.
According to a statement in the SEC filing, the debentures were registered under the Securities Act of 1933 through a registration statement on Form S-3, which became effective on August 1, 2024. The offering is expected to provide long-term financing for the company.
The filing lists the form of the debentures and the underwriting agreement as exhibits. The opinion and consent of Deneen Donnley, Senior Vice President and General Counsel of Consolidated Edison Company of New York, Inc., are also included in the documentation.
Consolidated Edison, Inc. trades on the New York Stock Exchange under the ticker NYSE:ED. The information in this article is based on a statement from the company’s SEC filing.
In other recent news, Consolidated Edison announced a quarterly dividend of 85 cents per share on its common stock. This dividend will be payable on December 15, 2025, to shareholders who are on record as of November 19, 2025. Additionally, Mizuho has reaffirmed its Outperform rating for Consolidated Edison, maintaining a price target of $112. The company’s recent investor call focused on its future energy delivery goals, including plans for electric vehicle charging infrastructure and expanding its substation network. Consolidated Edison also discussed potential projects for utility-owned renewable generation in New York. These developments indicate ongoing strategic growth initiatives by the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.