SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: January 29, 1998
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 January 29, 1998, the Company entered into (i) an underwriting agreement
with Salomon Brothers Inc for the sale of $180 million aggregate principal
amount of the Company's 6 1/4% Debentures, Series 1998 A (the "1998 A
Debentures") and (ii) an underwriting agreement with Merrill Lynch, Pierce,
Fenner & Smith Incorporated for the sale of $105 million aggregate principal
amount of the Company's 7.10% Debentures, Series 1998 B (the "1998 B Debentures"
together with the 1998 A Debentures, the "Debentures"). The Debentures were
registered under the Securities Act of 1933 pursuant to a Registration Statement
on Form S-3 (No.333-39603, declared effective November 7, 1997) relating to $330
million aggregate principal amount of unsecured debt securities of the Company,
of which $5 million has 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.
It is expected that the net proceeds to be received by the Company from
the sale of the Debentures, along with other funds of the Company, will be
applied to redeem $100,885,000 aggregate principal amount of 7 1/8% Electric
Facilities Revenue Bonds, Series 1987 A (due March 15, 2022) that the Company
issued through New York State Energy Research and Development Authority; $75
million aggregate principal amount of the Company's 7 3/8% Debentures, Series
1992 E (due September 1, 2005) and $100 million aggregate principal amount of
the Company's 8.05% Debentures, Series 1992 F (due December 15, 2027).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
See Index to Exhibits.
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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: January 29, 1998
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Index to Exhibits
Sequential Page
Number at which
Exhibit Description Exhibit Begins
1.1 Underwriting Agreement relating
to Series 1998 A Debentures.
1.2 Underwriting Agreement relating
to Series 1998 B Debentures.
4.1 Form of Series 1998 A Debenture.
4.2 Form of Series 1998 B Debenture.