Consolidated Edison Inc.
Consolidated Edison Enters New Credit Agreement
Summary
On March 24, 2025, Consolidated Edison Company of New York, Inc. entered into a 364-Day Revolving Credit Agreement worth up to $500 million, replacing an expired agreement. The new Credit Agreement, with Bank of America, N.A. as Administrative Agent, is intended to support CECONY's commercial paper program and general corporate purposes. The agreement terminates on March 23, 2026, subject to conditions including the absence of an event of default.
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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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