Con Edison sets up $2 billion at-the-market share sale program
Con Edison entered into an equity distribution agreement on May 8, 2026, establishing an at-the-market program to sell up to $2,000,000,000 of its common shares over time through a group of sales agents. The company may also enter into forward sale agreements with forward purchasers, under which it would receive proceeds only upon future physical settlement, and it would pay commissions of up to 1.0% of gross sales prices.
Key points
- Program covers up to $2,000,000,000 aggregate sales price of common shares ($0.10 par value), sold from time to time.
- Sales agents may receive commissions of up to 1.0% of gross sales price.
- Company will not initially receive proceeds from borrowed shares sold under forward sale agreements; proceeds arrive only on future physical settlement.
- Exhibits include the equity distribution agreement and the form of forward sale agreement.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.