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Con-Ed Issues 2009 Earnings Forecast
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NEW YORK (AP) — Electric and gas utility Consolidated Edison Inc. said Monday it expects to report 2009 earnings from continuing operations of $3 to $3.20 per share, excluding mark-to-market accounting charges.
The $3.10 midpoint of the company's outlook falls below the average $3.17-per-share estimate of analysts surveyed by Thomson Reuters.
The company said its guidance includes the effects of a recent electric rate order and the spending cuts anticipated by the order. ...
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