Hunton Andrews Kurth LLP advised the underwriter, forward seller and forward purchaser in connection with an SEC-registered offering of 5,800,000 common shares of Consolidated Edison, Inc. (Con Edison), which were borrowed from third parties by the forward seller, and subsequently sold to the underwriter for sale in the offering.
Wells Fargo Securities acted as underwriter on the offering.
Con Edison is a holding company that operates only through its subsidiaries. Its principal business operations are those of its regulated utility companies, Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc., and its clean energy businesses. In addition, through its wholly owned subsidiary, Con Edison Transmission, Inc., Con Edison invests in electric and gas transmission projects.
The Hunton team included Mike Fitzpatrick (Picture), Christina Kwon, Patrick Jamieson, Brendan Harney and Shelby Stanton. Joseph Buonanno provided advice on the forward component and Robert McNamara provided tax advice.
Involved fees earner: Joseph Buonanno – Hunton Andrew Kurth; Michael Fitzpatrick Jr. – Hunton Andrew Kurth; Brendan Harney – Hunton Andrew Kurth; Patrick Jamieson – Hunton Andrew Kurth; Christina Kwon – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Shelby Stanton – Hunton Andrew Kurth;
Law Firms: Hunton Andrew Kurth;
Clients: Wells Fargo Securities;