Consolidated Edison, Inc. (Con Edison) (NYSE: ED), one of the nation’s largest investor-owned energy-delivery companies, has received clearance from the Committee on Foreign Investment in the United States (CFIUS) in connection with the sale by Con Edison of 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. CFIUS concluded that there were no unresolved national security concerns with respect to the transaction.
Latham & Watkins LLP represented Con Edison in the CFIUS clearance process with a team led by Washington, D.C. partner Damara Chambers, with associate Julie Choi Shin. The transaction was led by New York M&A partners Christopher Cross and Leah Sauter.
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