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: June 22, 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 June 22, 1998, the Company entered into an underwriting  agreement with
Salomon Brothers Inc for the sale of $100 million aggregate  principal amount of
the Company's 6.15% Debentures,  Series 1998 C (the "1998 C Debentures").
The 1998 C Debentures were registered  under the Securities Act of 1933 pursuant
to a  Registration  Statement  on Form S-3 (No.  333-45745,  declared  effective
February  11,  1998)  relating to $540  million  aggregate  principal  amount of
unsecured debt securities of the Company,  of which $40 million has been carried
over from  Registration  Statement  No.  333-39603.  Copies of the  underwriting
agreement and the definitive form of the 1998 C 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 1998 C Debentures,  along with other funds of the Company,  will
be applied  to redeem  the  $100,000,000  aggregate  principal  amount of 7 3/8%
Electric  Facilities  Revenue  Bonds,  Series 1989 B (due July 1, 2024) that the
Company issued through New York State Energy Research and Development Authority.



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
                                           Vice President and Treasurer



DATE:  June 22, 1998







                                       - 4 -


                                Index to Exhibits

                                                      Sequential Page
                                                      Number at which
Exhibit                 Description                   Exhibit Begins

   1              Underwriting Agreement relating
                  to 1998 C Debentures.

   4              Form of Series 1998 C Debenture.