RWE Buying Con Edison’s Clean Energy Businesses For $6.8 Billion: Details
By Amit Chowdhry ● Oct 3, 2022
Consolidated Edison, Inc. (NYSE: ED) announced it entered into an agreement pursuant to which Con Edison agreed to sell its interest in its wholly-owned subsidiary Con Edison Clean Energy Businesses, Inc. and its subsidiaries to RWE Renewables Americas, LLC, a subsidiary of RWE Aktiengesellschaft (RWE) for $6.8 billion. This is why.