8-KEarnings & ResultsOther EventsExhibits & Filings

CONSOLIDATED EDISON INC 8-K Report, Financial Results (May 16, 2007)

Filed May 16, 2007For Securities:ED

Summary

Consolidated Edison, Inc. (Con Edison) filed an 8-K report on May 16, 2007, detailing two significant events. Firstly, the company released its earnings for the first quarter ended March 31, 2007, on May 10, 2007. While the specific financial figures from the earnings release are furnished as an exhibit, this report indicates the company provided an update on its operational and financial performance. Secondly, and of significant interest to investors, Con Edison announced on May 16, 2007, the successful completion of a public offering and sale of 11,000,000 shares of its common stock. This offering was conducted under an existing shelf registration statement, indicating the company is utilizing its established framework to raise capital. The issuance of new shares can impact earnings per share and the overall capital structure of the company.

Key Highlights

  • 1Con Edison issued a press release on May 10, 2007, reporting its financial results for the three months ended March 31, 2007.
  • 2The company completed the sale of 11,000,000 shares of its Common Stock on May 16, 2007.
  • 3The share offering was executed through an underwriting agreement with J.P. Morgan Securities Inc.
  • 4The Common Shares were registered under the Securities Act of 1933 via a Form S-3 Registration Statement.
  • 5The filing includes exhibits such as the underwriting agreement and a press release regarding the earnings.
  • 6This 8-K report addresses both operational financial results and a significant capital-raising event.

Frequently Asked Questions

The 8-K filing from May 16, 2007, primarily serves to furnish the press release detailing Con Edison's earnings for the quarter ended March 31, 2007. The specific financial figures from that press release are not detailed within the text of the 8-K itself, but the release is provided as an exhibit for investors to review.

The issuance of 11,000,000 common shares on May 16, 2007, is a capital-raising activity. Companies issue new shares to obtain funds that can be used for various purposes, such as general corporate needs, investments, debt reduction, or funding new projects. This particular offering was conducted under an existing shelf registration statement.

Consolidated Edison, Inc. sold 11,000,000 shares of its Common Stock. The 8-K filing does not specify the offering price per share or the total aggregate value raised from this sale; this information would typically be found in the underwriting agreement exhibit or subsequent financial reports.

A Form S-3 is a type of registration statement that allows eligible public companies to 'shelf' offerings of securities. This means Con Edison had pre-registered a certain amount of securities (including debt, preferred stock, and common stock) that it could then sell off the shelf at a later date, as needed, without having to file a new registration statement each time. This filing indicates they utilized this existing shelf registration to issue common stock.