Consolidated Edison Inc.
Consolidated Edison Enters Into $700 Million Credit Agreement
Summary
On November 25, 2024, Consolidated Edison Company of New York, Inc. entered into a $700 million 364-Day Senior Unsecured Delayed Draw Term Loan Credit Agreement. On the same day, the company borrowed $500 million under the agreement for general corporate purposes. The credit agreement allows for additional borrowings of up to $200 million subject to certain conditions. A copy of the credit agreement is included as an exhibit to this report.
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About Consolidated Edison Inc.
Consolidated Edison Inc. is a prominent utility company responsible for the delivery of energy services in the northeastern United States. Its primary function is the transmission of electricity and natural gas, as well as steam service, primarily serving the densely populated New York metropolitan area. Notably, it operates through its principal subsidiaries such as Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc., ensuring reliable energy provisions to millions of residents and businesses. The company is a key player in the energy sector, influencing regional economic activities and supporting essential services through its infrastructure. Consolidated Edison also focuses on advancements in renewable energy initiatives, playing an integral part in regional efforts to transition to sustainable energy solutions. Its prominence in delivering consistent energy supplies makes it a critical component in the market, directly impacting energy policy and regional economic stability.
Official SEC Documents
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