---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-062131"
form_type: "8-K"
ticker: "ED"
cik: "0001047862"
company_name: "CONSOLIDATED EDISON INC"
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:14:13.013355+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Con Edison announces $1B accelerated share repurchase, funded by Clean Energy Business sale

## Summary
- Entered accelerated share repurchase agreements with Citibank and Bank of America to repurchase $1B in common shares.
- Funding from proceeds of sale of Con Edison Clean Energy Businesses; initial delivery of ~8.7 million shares on March 7, 2023.
- Final share count based on volume-weighted average price less discount; settlement expected by Q3 2023.

## SEC filing metadata
- accession: 0001193125-23-062131
- form_type: 8-K
- ticker: ED
- cik: 0001047862
- company_name: CONSOLIDATED EDISON INC
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047862/000119312523062131/0001193125-23-062131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047862/000119312523062131/d472749d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-062131
- JSON: https://secwatch.observer/filing/0001193125-23-062131.json
- Plain text: https://secwatch.observer/filing/0001193125-23-062131.txt

## Key facts
- Material Agreements
  CONSOLIDATED EDISON INC entered into Accelerated Share Repurchase Contracts with Citibank, N.A. and Bank of America, N.A. valued at $1 billion (effective 2023-03-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Citibank, N.A. and Bank of America, N.A.
  - Value: $1 billion
  - Effective: 2023-03-06
  source text: On March 6, 2023, Consolidated Edison, Inc. (“Con Edison”) entered into accelerated share repurchase agreements (the “ASR Contracts”) with Citibank, N.A. and Bank of America, N.A. (collectively, the “dealers”) to repurchase $1 billion in aggregate of Con Edison’s Common Shares ($.10 par value) (“Common Shares”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000119312523062131/0001193125-23-062131-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.