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This earnings guidance considers the effects of the recently-approved Consolidated Edison Company of New York Inc electric rate order, and includes the company's plan with respect to austerity measures that the rate order directed the company to file with the New York State Public Service Commission.
The company also stated that it now expects to spend around USD2.3bn on capital investments, all of which will be spent at the Con Edison's regulated utilities.
Common stock of between USD150m and USD400m is expected to be issued in addition to stock issuances under Con Edison's dividend reinvestment and employee stock plans.
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