Hunton Advises Underwriters in Consolidated Edison Company of New York, Inc.’s $1.6 Billion Inaugural Issuance of Green Bonds

Time 1 Minute Read
March 31, 2020
News

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by Consolidated Edison Company of New York, Inc. (“CECONY”) of $600 million aggregate principal amount of debentures due 2030 and $1 billion aggregate principal amount of debentures due 2050.  An amount equal to the net proceeds of the offering will be used by CECONY to pay or reimburse the payment of, in whole or in part, existing and new eligible green expenditures in the United States.

CECONY, a subsidiary of Consolidated Edison, Inc., provides electric service 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 also provides gas service in Manhattan, the Bronx, parts of Queens and most of Westchester County in addition to steam service in parts of Manhattan.

The Hunton Andrews Kurth team included Michael FitzpatrickChristina KwonPatrick Jamieson and Shelby StantonRobert McNamara and Tim Strother provided tax advice.

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