Consolidated Edison Company of New York Inc., founded in 1824 and headquartered in New York City, is one of the largest energy companies in the United States, primarily focused on providing electric, gas, and steam services to its residential and commercial customers in New York. As a vital utility provider, Con Edison offers a range of services, including electricity distribution, natural gas supply, and infrastructure management, playing a crucial role in the energy landscape of the region.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Con Edison has a long history of bond issuance, dating back to its founding, which has been instrumental in funding significant infrastructure projects. Notably, the company issued $1.5 billion in bonds in 2020 to finance capital projects aimed at enhancing reliability and sustainability. As of October 2023, its bonds have yields that are competitive within the utility sector, with some recent issuances featuring green bond designations, reflecting a commitment to environmentally sustainable practices. Additionally, in 2022, Con Edison successfully executed a $1 billion bond offering to refinance existing debt, drawing strong investor interest amid favorable market conditions.