secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2025-11-24T23:59:59+00:00
Accession:  0001193125-25-293866
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud

Con Edison subsidiary agrees to sell 6.6% interest in Mountain Valley Pipeline for $357.5 million
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- Con Edison subsidiary entered a purchase and sale agreement to sell its ~6.6% stake in Mountain Valley Pipeline, LLC to an Ares Management fund.
- The base purchase price is $357.5 million, subject to adjustments for taxes, performance assurances, distributions, and capital contributions.
- Transaction expected to close in first half of 2026, subject to customary conditions and potential preferential rights of MVP founding members.
- Proceeds will partially offset Con Edison's 2026 common equity needs and be used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000119312525293866/0001193125-25-293866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047862/000119312525293866/d15757d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-293866

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