04:11 AM EST, 11/25/2025 (MT Newswires) -- Consolidated Edison ( ED ) said in a regulatory filing late Monday that it agreed to sell its 6.6% interest in Mountain Valley Pipeline to an Ares Management ( ARES ) fund for $357.5 million.

The deal is expected to close in H1 2026, subject to the potential exercise of rights by the founding members of the pipeline, the company said.

Con Edison said it expects to use proceeds from the transaction to partially offset its 2026 common equity needs and for other general corporate purposes.