Hunton Andrews Kurth Advises on $1.45 Billion Debentures Offering by Consolidated Edison Company of New York, Inc.
Hunton Andrews Kurth advised the underwriters on an SEC-registered offering by Consolidated Edison Company of New York, Inc. (“CECONY”) of (i) Floating Rate Debentures, Series 2024 C due 2027, (ii) 5.125% Debentures, Series 2024 D due 2035 and (iii) 5.50% Debentures, Series 2024 E due 2055.
CECONY, a subsidiary of Consolidated Edison, Inc., provides electric service to approximately 3.7 million customers in all of New York City (except a part of Queens) and most of Westchester County, an approximately 660 square mile service area with a population of more than nine million. CECONY delivers gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens and most of Westchester County. CECONY operates the largest steam distribution system in the United States by producing and delivering approximately 15,444 million pounds of steam annually to approximately 1,510 customers in parts of Manhattan.
The Hunton Andrews Kurth team included Michael F. Fitzpatrick, Patrick C. Jamieson, Reuben H. Pearlman, Monika M. Dziewa and Gabrielle Kraushaar. Robert McNamara, William Freeman and Caitlin A. Scipioni provided tax advice.
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