SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: November 25, 1996
CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
(Exact name of registrant as specified in charter)
New York 1-1217 13-5009340
(State of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
4 Irving Place, New York, NY 10003
(Address of principal executive offices)
Registrant's telephone number: (212) 460-4600
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
On November 25, 1996, the Supreme Court of the State of New
York, Albany County, rejected the challenge by the Energy
Association of New York State, on behalf of Con Edison and the
other New York State investor-owned electric utilities, to (i)
the order of the New York State Public Service Commission issued
May 20, 1996 in its "Competitive Opportunities" proceeding (the
"Order") and (ii) among other things, the authority of the
Commission to deny recovery of prudent investment, order
divestiture or order retail access.
For additional information about the Order, the plan
proposed by the Company on October 1, 1996 in response to the
Order and the PSC order issued on October 9, 1996 regarding the
Competitive Opportunities proceeding, see the Company's Current
Report on Form 8-K, dated October 1, 1996, and Management's
Discussion and Analysis appearing in Part I, Item 2 of the
Company's Quarterly Reports on Form 10-Q for the quarterly
periods ended June 30, 1996 and September 30, 1996 under the
heading "Liquidity and Capital Resources - Competition - New York
State Initiative."
On December 12, 1996, the Company entered into an
underwriting agreement with Merrill Lynch, Pierce, Fenner & Smith
Incorporated for the sale of $150 million aggregate principal
amount of the Company's Floating Rate Debentures, Series 1996 B
(the "Debentures"). The Debentures were registered under the
Securities Act of 1933 pursuant to a Registration Statement on
Form S-3 (No. 33-64657, declared effective December 8, 1995), for
$540 million of unsecured debt securities of the Company, of
which $315 million have been sold in a previous offering of debt
securities.
Copies of the underwriting agreement and the definitive
form of the Debentures are filed as exhibits to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(b) Exhibits
1 Underwriting Agreement relating to the Debentures.
4 Form of Debenture.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
CONSOLIDATED EDISON COMPANY
OF NEW YORK, INC.
By: JOHN F. CIOFFI
JOHN F. CIOFFI
Vice President and Treasurer
DATE: December 12, 1996
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Index to Exhibits
Sequential Page
Number at which
Exhibit Description Exhibit Begins
1 Underwriting Agreement relating
to Debentures
4 Form of Debenture.