Consolidated Edison (ED) said Friday it is launching $2 billion at-the-market equity offering program under which it may sell its common shares.
The company said it plans to use any proceeds from the program to invest in its subsidiaries for funding of their capital requirements and for other general corporate purposes.
In addition, Con Edison said it may enter into one or more separate forward sale agreements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments