Consolidated Edison Inc. Enters Material Definitive Agreement

TL;DR

Con Ed just signed a big deal, creating a new financial obligation. Keep an eye on their balance sheet.

AI Summary

On March 25, 2024, Consolidated Edison Inc. entered into a Material Definitive Agreement, creating a direct financial obligation. The filing details this agreement and its implications for the company's financial standing.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Consolidated Edison, which could impact its financial health and future investments.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement and creating a direct financial obligation can introduce new financial risks and obligations for the company.

Key Players & Entities

• CONSOLIDATED EDISON INC (company) — Filer
• CONSOLIDATED EDISON CO OF NEW YORK INC (company) — Filer
• 20240325 (date) — Report Date
• 20240328 (date) — Filing Date

FAQ

Key Financial Figures

• $500 million — CECONY in an aggregate amount of up to $500 million. CECONY intends to use the CECONY 364-D
• $150 million — ther financial obligations of CECONY of $150 million or more which would permit the holder t
• $2.5 billion — t (the "Extension") with respect to the $2.5 billion Credit Agreement, dated as of March 27,

Filing Documents

• d804453d8k.htm (8-K) — 44KB
• d804453dex101.htm (EX-10.1) — 482KB
• d804453dex102.htm (EX-10.2) — 38KB
• d804453dex103.htm (EX-10.3) — 44KB
• 0001193125-24-079777.txt ( ) — 873KB
• ed-20240325.xsd (EX-101.SCH) — 5KB
• ed-20240325_cal.xml (EX-101.CAL) — 1KB
• ed-20240325_def.xml (EX-101.DEF) — 12KB
• ed-20240325_lab.xml (EX-101.LAB) — 20KB
• ed-20240325_pre.xml (EX-101.PRE) — 13KB
• d804453d8k_htm.xml (XML) — 6KB

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit 10.1 364-Day Revolving Credit Agreement, dated as of March 25, 2024, among CECONY, the lenders party thereto and Bank of America, N.A., as Administrative Agent Exhibit 10.2 Extension Agreement to Credit Agreement, dated as of March 27, 2024, among Con Edison, CECONY, O&R, the lenders party thereto and Bank of America, N.A., as Administrative Agent Exhibit 10.3 Amendment to Credit Agreement, dated as of March 27, 2024, among Con Edison, CECONY, O&R, the lenders party thereto and Bank of America, N.A., as Administrative Agent Exhibit 104 Cover Page Interactive Data File – The cover page iXBRL tags are embedded within the inline XBRL document

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONSOLIDATED EDISON, INC. CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. By: /s/ Joseph Miller Joseph Miller Vice President, Controller and Chief Accounting Officer Date: March 28, 2024

View Full Filing

View this 8-K filing on SEC EDGAR