8-KEarnings & ResultsLeadership ChangesCorporate Changes+1

CONSOLIDATED EDISON INC 8-K Report, Financial Results (Jan 24, 2008)

Filed January 24, 2008For Securities:ED

Summary

Consolidated Edison, Inc. (Con Edison) filed this Form 8-K on January 24, 2008, primarily to report its 2007 financial results via a press release furnished as an exhibit. The filing also disclosed a change in leadership and governance structure within its subsidiary, Consolidated Edison Company of New York, Inc. (Con Edison of New York). Investors should note the addition of Michael W. Ranger, a Senior Managing Director of Diamond Castle Holdings, to both the Con Edison, Inc. and Con Edison of New York Boards, effective February 1, 2008. Furthermore, Con Edison of New York amended its By-Laws to increase the size of its Board of Trustees from twelve to thirteen members, also effective February 1, 2008. While the press release itself is furnished and contains the detailed 2007 operational and financial results, the 8-K filing itself focuses on these governance and personnel updates alongside the financial reporting announcement.

Key Highlights

  • 1Con Edison announced its 2007 results of operations via a press release furnished with this 8-K filing.
  • 2Michael W. Ranger, Senior Managing Director of Diamond Castle Holdings, was elected to the Boards of Directors of Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc., effective February 1, 2008.
  • 3The Board of Trustees of Consolidated Edison Company of New York, Inc. amended its By-Laws to increase the number of Trustees from twelve to thirteen, effective February 1, 2008.
  • 4The filing is dated January 24, 2008, with the earliest event reported being January 17, 2008.
  • 5The company will provide further details on Board committee appointments for Mr. Ranger in an amendment to this report.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Consolidated Edison, Inc.'s (Con Edison) results of operations for the year 2007, which are detailed in an accompanying press release. It also reports on changes in the company's board composition and governance structure.

Michael W. Ranger is a Senior Managing Director of Diamond Castle Holdings. His election to the Boards of Directors of both Con Edison, Inc. and its subsidiary Con Edison of New York, effective February 1, 2008, signifies a change in board leadership and expertise. Further details on his committee assignments are expected.

The Board of Trustees of Consolidated Edison Company of New York, Inc. amended its By-Laws to increase the total number of Trustees from twelve to thirteen. This change is effective February 1, 2008.

The detailed 2007 financial results are provided in the press release dated January 24, 2008, which is furnished as Exhibit 99 to this Form 8-K filing.