UNITED STATES

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 (Date of earliest event reported): September 19, 2013

 

 

Consolidated Edison, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

New York		1-14514		13-3965100
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

4 Irving Place, New York, New York		10003
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 460-4600

 

 

Consolidated Edison Company of New York, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

New York		1-1217		13-5009340
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

4 Irving Place, New York, New York		10003
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 460-4600

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))

 

 

 

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 19, 2013, the Board of Directors of Consolidated Edison, Inc. (“Con Edison”) and the Board of Trustees of Consolidated Edison Company of New York, Inc. (“Con Edison of New York”) each announced that John McAvoy will succeed Kevin Burke as President and Chief Executive Officer of Con Edison and as Chief Executive Officer of Con Edison of New York, effective January 1, 2014. Mr. Burke will retire from each position effective December 31, 2013 and will continue to serve as Chairman of the Board of Directors of Con Edison and Chairman of the Board of Trustees of Con Edison of New York.

John McAvoy, age 53, is currently the president and chief executive officer of Orange and Rockland Utilities, Inc., a subsidiary of Con Edison. He joined Con Edison of New York in 1980, and has served in a variety of leadership roles, including serving as Senior Vice President of Central Operations, Vice President of System and Transmission Operations and General Manager of Substation Operations.

As of the date of this report, no new compensatory arrangements have been entered into with Mr. McAvoy in connection with his election as President and Chief Executive Officer of Con Edison and Chief Executive Officer of Con Edison of New York. If any new compensatory arrangements are entered into, the material terms of such arrangements will be disclosed in a subsequent filing.

A copy of the press release announcing the succession is also filed herewith as Exhibit 99 and is incorporated by reference herein.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits

 

Exhibit 99		Press Release, dated September 19, 2013

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SIGNATURES

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.

 

Dated: September 19, 2013

Exhibit 99

 

		Media Relations		Consolidated Edison, Inc.
		212 460 4111 (24 hours)		4 Irving Place
				New York NY 10003
				www.conEdison.com
				Facebook at Power of Green

 

FOR IMMEDIATE RELEASE		Contact: Media Relations
September 19, 2013		212-460-4111
5 p.m.

CON EDISON NAMES JOHN McAVOY

CHIEF EXECUTIVE OFFICER

New York – Con Edison (NYSE: ED) today announced that its Board of Directors has elected John McAvoy as Consolidated Edison, Inc.’s president and chief executive officer, effective January 1, 2014. McAvoy will also serve as CEO of Con Edison’s principal subsidiary, Consolidated Edison Company of New York, Inc.

After 40 years of service, Kevin Burke will retire as president and CEO on December 31. He will remain the non-executive chairman of the board for a transition period. Burke, who is 62, joined the company in 1973 and has served as president and CEO since 2005.

“John McAvoy is very talented and will ably guide the company as it moves forward,” Burke said. “John is a leader. His extensive experience in the energy industry will be invaluable to our customers, investors and all who rely on the company.”

McAvoy, 53, was appointed president and chief executive officer of Orange and Rockland Utilities, Inc. in 2012. Since joining Con Edison in 1980, McAvoy served as senior vice president of Central Operations with responsibilities for the planning, design, operations and maintenance of the electric generation, transmission and substations systems, the generation and distribution of the steam system and construction activities for the company. Over the years, he has held positions of increasing responsibility, including vice president of System and Transmission Operations and general manager of Substation Operations.

He earned an MBA from New York University and a bachelor’s degree in Mechanical Engineering from Manhattan College.

McAvoy is a graduate of the Rockefeller Fellows program. He currently serves on the boards of the Intrepid Sea, Air and Space Museum, the Hudson Valley Economic Development Corporation, Orange County Partnership, and the Rockland Economic Development Corporation.

Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy companies, with approximately $12 billion in annual revenues and $42 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,350 square mile area in southeastern New York state and adjacent sections of northern New Jersey and northeastern Pennsylvania; Consolidated Edison Solutions, Inc., a retail energy supply and services company; Consolidated Edison Energy, Inc., a wholesale energy services company; and Consolidated Edison Development, Inc., a company that participates in infrastructure projects.

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