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424B2
CONSOLIDATED EDISON CO OF NEW YORK INC filed this Form 424B2 on 11/28/2018
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Table of Contents

DESCRIPTION OF DEBENTURES

General

The 2018 D Debentures and the 2018 E Debentures each will be a new series of debt securities. The 2018 D Debentures will be issued in an initial aggregate principal amount of $500,000,000. We may at any time, without the consent of the holders of the 2018 D Debentures, issue additional 2018 D Debentures that will be part of the same series of debt securities as, rank equally and ratably with, and have the same interest rate, maturity and other terms (except for the issue date, the issue price and, if applicable, the first interest payment date) as, the 2018 D Debentures being offered hereby. The 2018 E Debentures will be issued in an initial aggregate principal amount of $600,000,000. We may at any time, without the consent of the holders of the 2018 E Debentures, issue additional 2018 E Debentures that will be part of the same series of debt securities as, rank equally and ratably with, and have the same interest rate, maturity and other terms (except for the issue date, the issue price and, if applicable, the first interest payment date) as, the 2018 E Debentures being offered hereby. If any such additional Debentures of a particular series are not fungible for U.S. federal income tax purposes with the Debentures of that series being offered hereby, such additional Debentures will be issued under a different CUSIP number than the Debentures of that series offered hereby.

The 2018 D Debentures will mature on December 1, 2028. The 2018 E Debentures will mature on December 1, 2048. We may redeem the Debentures prior to maturity as set forth below.

Additional information describing the Debentures and the Indenture under which they are to be issued is included in “Description of Debt Securities” in the accompanying prospectus.

Interest

We will pay interest on the Debentures at the rate per annum stated on the first page of this prospectus supplement in the title of each particular series. Interest on the Debentures will accrue from November 30, 2018 or from the most recent interest payment date to which interest has been paid. Interest on the Debentures is payable initially on June 1, 2019 and thereafter semi-annually on June 1 and December 1 each year to holders of record at the close of business on the fifteenth day, whether or not a business day, of the calendar month next preceding such interest payment date, except as otherwise provided in the Indenture.

Redemption at Our Option

At any time prior to September 1, 2028 (the “2018 D Par Call Date”), we may redeem the 2018 D Debentures in whole or in part, at our option, at a redemption price equal to the greater of (1) 100% of the principal amount of the 2018 D Debentures being redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the 2018 D Debentures matured on the 2018 D Par Call Date (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 15 basis points, plus, in each case, accrued interest on the principal amount being redeemed to, but not including, the redemption date. At any time on or after the 2018 D Par Call Date, we may redeem the 2018 D Debentures in whole or in part, at our option, at a redemption price equal to 100% of the principal amount of the 2018 D Debentures being redeemed plus accrued interest on the principal amount being redeemed to, but not including, the redemption date.

At any time prior to June 1, 2048 (the “2018 E Par Call Date”), we may redeem the 2018 E Debentures in whole or in part, at our option, at a redemption price equal to the greater of (1) 100% of the principal amount of the 2018 E Debentures being redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the 2018 E Debentures matured on the 2018 E Par Call Date (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 25 basis points, plus, in each case, accrued interest on the principal amount being redeemed to, but not including,

 

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