Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by Consolidated Edison Company of New York, Inc. (“CECONY”) of $750 million aggregate principal amount of debentures due 2031 (the “Debentures”) and $750 million aggregate principal amount of debentures due 2061 (the “Green Bonds”). CECONY intends to use an amount equal to the net proceeds received by it from the sale of the Green Bonds to pay or reimburse the payment of, in whole or in part, existing and new qualifying “Eligible Green Expenditures.” Eligible Green Expenditures include those funded on or after January 1, 2021, or any time following the issue date of the Green Bonds until the maturity date of the Green Bonds.
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 Fitzpatrick, S. Christina Kwon, Brendan Harney and Matthew Hayes. Robert McNamara and Tim Strother provided tax advice.
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