Consolidated Edison (ED) plans to offer 6.3 million common shares under a shelf registration statement.
The shares are being offered by Barclays as the underwriter in transactions on the New York Stock Exchange, in the over-the-counter market or via negotiated deals at market prices or negotiated prices, Con Edison said Tuesday in a statement.
The shares are expected to be issued Thursday, and Con Edison plans to invest the net proceeds in funding capital requirements for subsidiaries and general corporate purposes.
Con Ed stock fell 1.7% in after-hours trading.
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