Article: New York: Con Ed Deal Off.

The New York State Energy Research and Development Authority will not be in the market as expected with $247 million in tax-exempt Consolidated Edison Co. refunding debt. At the same time, it is proceeding with the sale of $16.7 million in five-year reset notes today and may refinance $45 million for another of the state's investor-owned utilities later this month.

The board of the energy authority in January approved selling $101 million in refunding bonds for Series 1993A bonds sold for Con Ed, and in September approved refunding $127 million in 1993B bonds and $19.7 million in 1993C bonds. The state's Public Authorities Control Board also approved the ...

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