Consolidated Edison Launches $2B ATM Equity Offering Program
Consolidated Edison announced a $2B at-the-market, or ATM, equity offering program pursuant to which it may sell its common shares. Con Edison has entered into an Equity Distribution Agreement with Barclays Capital, BNY Mellon Capital Markets, BofA Securities, CIBC Capital Markets, Jefferies, J.P. Morgan Securities, KeyBanc Capital Markets, Mizuho Securities USA, Scotia Capital, TD Securities and Wells Fargo Securities, each in its capacity as agent for Con Edison and Barclays Bank, The Bank of New York Mellon, Bank of America, Canadian Imperial Bank of Commerce, Jefferies, JPMorgan Chase Bank, KeyBanc Capital Markets, Mizuho Markets Americas, The Bank of Nova Scotia, The Toronto-Dominion Bank and Wells Fargo Bank, National Association or their respective affiliates, each in its capacity as forward purchaser. Con Edison currently intends to use any proceeds that it receives upon the issuance and sale of its common shares by it to or through the sales agents to invest in its subsidiaries for funding of their capital requirements and for its other general corporate purposes.
