Con Edison launches $2 billion ATM equity offering
Updated
Updated · PR Newswire · May 8
Con Edison launches $2 billion ATM equity offering
4 articles · Updated · PR Newswire · May 8
The New York energy company said proceeds would support subsidiaries’ capital needs, with sales made on the NYSE or in negotiated transactions.
Con Edison also may enter forward sale agreements with 11 banks, under which forward purchasers would hedge by selling borrowed shares before later settlement.
The offering is being made under an effective SEC shelf registration statement and could also fund general corporate purposes across Con Edison’s regulated utility and transmission businesses.
Con Edison's $2B offering is for clean energy. Why do critics claim it's blocking new battery storage projects?
As Con Edison raises billions for grid upgrades, will New Yorkers see more reliable power or just higher electricity bills?