Con Edison has sold its 6.6% stake in the Mountain Valley Pipeline to funds managed by Ares Management for $357.5 million. This divestiture is part of Con Edison's broader strategy to exit its unregulated clean energy businesses and focus on its regulated utility operations. The sale is expected to close in the first half of 2024, pending regulatory approvals.

<p>Con Edison has sold its 6.6% stake in the Mountain Valley Pipeline to funds managed by Ares Management for $357.5 million. This divestiture is part of Con Edison's broader strategy to exit its unregulated clean energy businesses and focus on its regulated utility operations. The sale is expected to close in the first half of 2024, pending regulatory approvals.</p>

Con Edison sells 6.6% stake in Mountain Valley Pipeline to Ares Management for $357.5M