SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. )
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Consolidated Edison Company of New York, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
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Con Edison Letterhead November 24, 1997
AN IMPORTANT REMINDER
Dear Stockholder:
We recently mailed you proxy material for Con Edison's Special Meeting of
Stockholders to be held on December 12, 1997. The meeting was called to consider
a proposal to form a holding company structure. According to our records, we
have not yet received your proxy vote for this meeting. If you have already
replied, please accept our thanks for your prompt attention to this very
significant matter.
We at Con Edison, and our Board of Trustees, are very excited about the
holding company proposal and strongly recommend that you vote for this important
initiative. The holding company is important for the future growth of the
Company. It will give the Company the financial and regulatory flexibility to
participate successfully in those segments of the energy business in which we
have been operating for many years but which are now becoming competitive and to
provide new competitive services to customers, while maintaining the strength of
our core regulated electric, gas and steam utility business. Holding company
structures have been adopted successfully in recent years by many other large
utilities in the United States. The proxy materials also provide you the
opportunity to consider and vote on a proposal to amend Con Edison's Certificate
of Incorporation regarding the authorized number of Board members.
Your Board of Trustees and management team recommend that you vote
FOR the two proposals to be considered at the meeting.
Your vote is important, regardless of the number of shares you own. The
holding company proposal requires the affirmative vote of two-thirds of the
Common and $5 Cumulative Preferred shares outstanding.
Not voting at all or voting to abstain will have the same effect as voting
against the holding company proposal. Therefore, please take a few minutes
today to sign, date and return the enclosed proxy card in the postage-paid
envelope provided.
If you have any questions or need assistance in voting your shares, please
do not hesitate to call our special toll-free number at 1-800-566-9061 to reach
a representative of Morrow & Company, which is assisting us with administering
the proxy vote. Thank you for your continued support.
Sincerely yours,
s/Eugene R. McGrath
Eugene R. McGrath
We apologize if this letter has reached you after you sent in your proxy card
but, because of the possibility of mail delays or misdeliveries, please sign,
date and return the enclosed proxy even if you returned the original.