8-K/ALeadership Changes

CONSOLIDATED EDISON INC 8-K/A Report, Executive Changes (Feb 27, 2008)

Filed February 27, 2008For Securities:ED

Summary

This filing is an amendment to a previous Form 8-K filed by Consolidated Edison, Inc. (Con Edison) and Consolidated Edison Company of New York, Inc. The amendment clarifies information regarding the election of Mr. John F. Killian to their respective Boards. The original filing on July 24, 2007, reported his election to the Board of Directors/Trustees, effective September 1, 2007. This amendment, filed on February 27, 2008, provides an update that Mr. Killian was appointed to the Audit Committee of both Con Edison and Con Edison of New York on February 21, 2008. For investors, this amendment is a procedural update concerning board committee appointments. It confirms the active role of a newly elected board member, Mr. Killian, by placing him on the critical Audit Committee. This demonstrates ongoing governance and oversight mechanisms within the company. While not a material financial event, it reflects corporate governance actions and the integration of new leadership into key oversight functions.

Key Highlights

  • 1Amendment to a previous Form 8-K filing regarding board changes.
  • 2Updates the election of Mr. John F. Killian to the Board of Directors/Trustees of Con Edison and Con Edison of New York.
  • 3Mr. Killian's board election was effective September 1, 2007 (as per original filing).
  • 4Mr. Killian was appointed to the Audit Committee of both Con Edison and Con Edison of New York on February 21, 2008.
  • 5This filing clarifies his role on a key board committee, indicating active participation in corporate governance.
  • 6The amendment is filed on February 27, 2008, by both Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc.

Frequently Asked Questions

This filing is an amendment to a prior Form 8-K. Its primary purpose is to provide additional information regarding the appointment of Mr. John F. Killian to the Audit Committee of both Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc., which was not fully detailed in the original filing.

Mr. Killian was elected to the Board of Directors/Trustees effective September 1, 2007. He was subsequently appointed to the Audit Committee of both Con Edison and Con Edison of New York on February 21, 2008.

While not a major financial event, the appointment to the Audit Committee is significant from a corporate governance perspective. It shows that Mr. Killian, a relatively new board member, is being integrated into key oversight functions, which is generally viewed positively by investors as it strengthens governance and financial reporting oversight.

The registrants for this filing are Consolidated Edison, Inc. (Con Edison) and Consolidated Edison Company of New York, Inc. (Con Edison of New York).