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: September 17, 2001
Commission Exact name of registrant as specified in its charter State of I.R.S. Employer
File Number and principal office address and telephone number Incorporation I.D. Number
1-14514 Consolidated Edison, Inc. New York 13-3965100
4 Irving Place, New York, New York 10003
(212) 460-4600
1-1217 Consolidated Edison, Comapny of New York, Inc. New York 13-5009340
4 Irving Place, New York, New York 10003
(212) 460-4600
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 Statement on World Trade Center Attack.
ITEM 9. REGULATION FD DISCLOSURE
The material attached hereto as Exhibit 99, which is incorporated in this Item 9
by reference thereto, is furnished pursuant to Regulation FD.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, each
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CONSOLIDATED EDISON, INC.
CONSOLIDATED EDISON COMPANY
OF NEW YORK, INC.
By JOAN S. FREILICH
Joan S. Freilich
Executive Vice President
and Chief Financial Officer
DATE: September 17, 2001
CON EDISON STATEMENT TO INVESTORS ON IMPACT OF WORLD TRADE CENTER ATTACK
The tragic events of September 11 have saddened all of us at Con Edison. Our
thoughts and prayers are with the victims and their families.
We are providing the following information in response to questions by
investors.
Since the attack on the World Trade Center on September 11, Con Edison forces
have been working around the clock as part of an enormous team effort of
government forces, volunteers, contractors and suppliers to aid in the rescue
and recovery efforts and to restore basic services to the affected areas as
quickly as possible.
Our immediate efforts are focused on restoring electric, gas and steam service
to the lower Manhattan customers who are looking to resume operations. We are
using temporary measures to restore service where practicable, including mobile
generators and above ground electric distribution lines. This effort, which has
led to restoration of some service already, is expected to be concluded by the
end of the week. It will be followed in the longer term by the rebuilding of
those parts of our delivery systems damaged by the attack. Most of the
short-term and long-term restoration work is capital in nature.
A number of buildings have been destroyed or severely damaged. The electric peak
of these buildings totaled approximately 140 MWs, which was about 1.1% of Con
Edison's peak delivery load this past summer. Annual net after-tax revenues for
electric, gas and steam services to the buildings were approximately $15
million. Some of this energy need is expected to move to other parts of New York
City as the tenants in these buildings relocate operations.
The response of our region's residents and businesses and of City, State and
Federal officials to this enormous tragedy confirms our belief that the spirit
and the economic health of the City are strong and resilient and that the
economic effects of the September 11 attack will be limited in scope and
duration.
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This statement includes forward-looking statements of future expectations and
not facts. Words such as "expects," "belief" and "anticipates" and similar
expressions identify forward-looking statements. Actual results or developments
might differ materially from those included in the forward-looking statements
because of factors such as those discussed under the caption "Forward-Looking
Statements" in Item 7 of Consolidated Edison's Form 10-K.