Con Edison Hires Barclays for $4 Billion Green Unit Sale
- US utility is working with Barclays to help sell the business
- Renewables unit likely to draw strategics, infra fund interest
A Con Edison van in New York
Photographer: Nina Westervelt/BloombergThis article is for subscribers only.
Consolidated Edison Inc. has hired an adviser to kick-off the sale of its renewable energy portfolio, which could be valued at as much as $4 billion, according to people familiar with the matter.
The US utility is working with Barclays Plc to help identify potential buyers for the business, the people said, asking not to be identified because the information is private. It may start a sales process in the coming weeks, one of the people said.