Consolidated Edison pushes out $2 billion bank commitments until 2017

By Susanna Moon

Chicago, Sept. 4 - Consolidated Edison, Inc. extended its credit agreement by one year to Oct. 27, 2017, according to an 8-K filing with the Securities and Exchange Commission.

The agreement had been set to expire on Oct. 27, 2016 for aggregate commitments under the credit agreement of about $2 billion.

The company and its subsidiaries Consolidated Edison Co. of New York, Inc. and Orange and Rockland Utilities, Inc. entered into the agreement on Aug. 9 with JPMorgan Chase Bank, NA as administrative agent.

Consolidated Edison provides energy services through its subsidiaries. It is based in New York.

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