SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: October 10, 2000
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<S> <C> <C> <C>
Commission Exact name of registrant as specified in its charter State of I.R.S. Employer
File Number and principal office address and telephone number Incorporation I.D. Number
1-14514 Consolidated Edison, Inc. New York 13-3965100
4 Irving Place, New York, New York 10003
(212) 460-4600
1-1217 Consolidated Edison Company
of New York, Inc. New York 13-5009340
4 Irving Place, New York, New York 10003
(212) 460-4600
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
On October 10, 2000, the United States District Court for the Northern District
of New York, in the action entitled Consolidated Edison Company of New York,
Inc. v. Pataki, et al., determined that the Indian Point 2 Law was
unconstitutional and granted the motion of Consolidated Edison Company of New
York, Inc. ("Con Edison of New York") for a permanent injunction to prevent
implementation of the Indian Point 2 Law. The "Indian Point 2 Law," which was
signed into law in August 2000, directed the New York State Public Service
Commission (the "PSC") to prohibit Con Edison of New York from recovering from
customers replacement power costs relating to the ongoing outage at the Indian
Point 2 nuclear generating unit.
Con Edison of New York has billed to customers the Indian Point 2 replacement
power costs incurred prior to August 2000, but not the replacement power costs
it has incurred since then (which amounted to approximately $32 million in
August 2000 and $26 million in September 2000).
Con Edison of New York has agreed to resume settlement discussions with the
staff of the PSC and other interested parties with respect to the PSC's ongoing
proceeding to investigate the Indian Point 2 outage and its causes and the
prudence of the company's actions regarding the operation and maintenance of
Indian Point 2.
For additional information about Indian Point 2, see Note C to the Consolidated
Edison, Inc. and Con Edison of New York financial statements included in Part I,
Item 1 of their combined Quarterly Report on Form 10-Q for the quarterly period
ended June 30, (File Nos. 1-14514 and1-1217).
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, each
registrant has dulycaused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CONSOLIDATED EDISON, INC.
CONSOLIDATED EDISON COMPANY
OF NEW YORK, INC.
By: Hyman Schoenblum
Hyman Schoenblum
Vice President and Controller
DATE: October 13, 2000
