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 24, 1997


                   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 24, 1997, the Company entered into an  underwriting  agreement
with Salomon  Brothers  Inc. for the sale of $330  million  aggregate  principal
amount of the Company's 6.45% Debentures, Series 1997 B (the "Debentures").  The
Debentures  were  registered  under  the  Securities  Act of  1933  pursuant  to
Registration Statements on Form S-3 (No. 333-39603,  declared effective November
7, 1997 and No.  333-26555,  declared  effective  May 9, 1997)  relating to $730
million aggregate  principal amount of unsecured debt securities of the Company,
of which $75 million have been sold in previous offerings 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

(c)  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:   ROBERT P. STELBEN
                                          Robert P. Stelben
                                          Vice President and Treasurer



DATE:  November 24, 1997









                                       - 4 -


                                Index to Exhibits

                                                      Sequential Page
                                                      Number at which
Exhibit                 Description                   Exhibit Begins

   1              Underwriting Agreement relating
                  to Debentures


   4              Form of Debenture.