Consolidated Edison, New York readies to price debentures

By Cristal Cody

Tupelo, Miss., March 3 - Consolidated Edison Co. of New York, Inc. expects to bring an offering of series 2014A debentures, according to a preliminary prospect supplement with the Securities and Exchange Commission on Monday.

Barclays, BofA Merrill Lynch, Morgan Stanley & Co., LLC, Scotia Capital Inc. and Wells Fargo Securities, LLC are the lead managers. The co-managers are U.S. Bancorp Investments, Inc., Loop Capital Markets, LLC and Ramirez & Co, Inc.

Proceeds will be used for general corporate purposes, including repaying short-term variable-rate debt.

The electric utility is a subsidiary of New York City-based Consolidated Edison, Inc.

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