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                                                                     EXHIBIT 4.2

Unless this certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Company or its
agent for registration of transfer, exchange, or payment, and any certificate
issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

     REGISTERED                                                  REGISTERED

                  Consolidated Edison Company of New York, Inc.
                         5.10% DEBENTURES, SERIES 2003 C

     INTEREST RATE            MATURITY DATE                         CUSIP
     5.10% per annum          June 15, 2033                      209111 ED 1

REGISTERED HOLDER: Cede & Co.

PRINCIPAL SUM: TWO HUNDRED MILLION DOLLARS ($200,000,000)

CONSOLIDATED EDISON COMPANY OF NEW YORK, INC., a New York corporation
(hereinafter called the "Company", which term includes any successor corporation
under the Indenture hereinafter referred to), for value received, hereby
promises to pay to the registered holder named above or registered assigns, on
the maturity date stated above, unless redeemed prior thereto as hereinafter
provided, the principal sum stated above and to pay interest thereon from
June 13, 2003, or from the most recent interest payment date to which interest
has been duly paid or provided for, initially on December 15, 2003, and
thereafter semi-annually on each June 15 and December 15 of each year, at the
interest rate stated above, until the date on which payment of such principal
sum has been made or duly provided for. The interest so payable on any interest
payment date will be paid to the person in whose name this Debenture is
registered at the close of business on the last day of the month preceding the
interest payment date, except as otherwise provided in the Indenture.

     The principal of this Debenture, when due and payable, shall, upon
presentation and surrender hereof, be paid at the principal office of the
Company. The interest on this Debenture, when due and payable, shall be paid at
the principal office of the Company, or at the option of the Company, by check
mailed to the address of the registered holder hereof or registered assigns as
such address shall appear in the Security Register. All such payments shall be
made in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts.

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This Debenture is one of a duly authorized series of an issue of unsecured debt
securities of the Company designated as its 5.10% Debentures, Series 2003 C
(hereinafter called the "Debentures"), issued and to be issued under an
Indenture dated as of December 1, 1990 between the Company and JPMorgan Chase
Bank (formerly The Chase Manhattan Bank (successor to The Chase Manhattan Bank
(National Association))), Trustee (hereinafter called the "Trustee", which term
includes any successor trustee under the Indenture), as amended and supplemented
by the First Supplemental Indenture, dated as of March 6, 1996, between the
Company and the Trustee (hereinafter called the "Indenture"). Reference is made
to the Indenture and any supplemental indenture thereto for the provisions
relating, among other things, to the respective rights of the Company, the
Trustee and the holders of the Debentures, and the terms on which the Debentures
are, and are to be, authenticated and delivered.

     The Company may redeem the Debentures in whole or in part, at its option at
any time, at a redemption price equal to the greater of (1) 100% of the
principal amount of the Debentures being redeemed or (2) the sum of the present
values of the remaining scheduled payments of principal and interest thereon
(exclusive of interest accrued to the date of redemption) discounted to the
redemption date on a semiannual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate (as defined below) plus 20 basis
points, plus accrued interest on the principal amount being redeemed to the
redemption date.

     "Comparable Treasury Issue" means the United States Treasury security or
securities selected by an Independent Investment Banker (as defined below) as
having an actual or interpolated maturity comparable to the remaining term of
the Debentures being redeemed that would be utilized, at the time of selection
and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of such
Debentures.

     "Comparable Treasury Price" means, with respect to any redemption date, (1)
the average of the Reference Treasury Dealer Quotations (as defined below) for
such redemption date, after excluding the highest and lowest such Reference
Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations.

     "Independent Investment Banker" means one of the Reference Treasury Dealers
(as defined below) appointed by the Trustee after consultation with the Company.

     "Reference Treasury Dealer" means each of Banc One Capital Markets, Inc.,
J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated, their
respective successors, and one other primary U.S. Government securities dealer
in The City of New York (a "Primary Treasury Dealer") selected by the Company.
If any Reference Treasury Dealer shall cease to be a Primary Treasury Dealer,
the Company will substitute another Primary Treasury Dealer for that dealer.

     "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any redemption date, the average, as determined by
the Trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the trustee by such Reference Treasury Dealer at 3:30 p.m. New York
time on the third business day preceeding such redemption date.

     "Treasury Rate" means, with respect to any redemption date, the rate per
annum equal to the semiannual equivalent yield to maturity or interpolated (on a
day count basis) of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount)
equal to the Comparable Treasury Price for such redemption date.

                                       -2-

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     Unless the Company defaults in payment of the redemption price, on and
after the redemption date interest will cease to accrue on the Debentures or
portions thereof called for redemption.

     If an Event of Default (as defined in the Indenture) shall have occurred
and be continuing with respect to the Debentures, the principal hereof may be
declared, and upon such declaration shall become, due and payable, in the
manner, with such effect and subject to the conditions provided in the
Indenture. Any such declaration may be rescinded by holders of a majority in
principal amount of the outstanding Debentures if all Events of Default with
respect to the Debentures (other than the non-payment of principal of the
Debentures which shall have become due by such declaration) shall have been
remedied.

     The Indenture contains provisions permitting the Company and the Trustee,
with the consent of the holders of not less than a majority in aggregate
principal amount of the Debentures at the time outstanding, evidenced as in the
Indenture provided, to execute supplemental indentures adding any provisions to
the Indenture or to any supplemental indenture with respect to the Debentures,
or modifying in any manner the rights of the holders of the Debentures;
provided, however, that no such supplemental indenture shall (i) extend the
maturity of any Debenture, or reduce the principal amount thereof, or reduce the
rate or extend the time of payment of interest thereon, or make the principal
thereof, or interest thereon, payable in any coin or currency other than that in
the Debentures provided, without the consent of the holder of each Debenture so
affected, or (ii) reduce the aforesaid principal amount of Debentures, the
holders of which are required to consent to any such supplemental indenture
without the consent of the holders of all Debentures then outstanding.

     The Debentures are issuable as registered Debentures only, in the
denomination of $1000 and any integral multiples of $1000 approved by the
Company, such approval to be evidenced by the execution thereof.

     This Debenture is transferable by the registered holder hereof in person or
by his attorney duly authorized in writing on the books of the Company at the
office or agency to be maintained by the Company for that purpose, but only in
the manner, subject to the limitations and upon payment of any tax or
governmental charge for which the Company may require reimbursement as provided
in the Indenture, and upon surrender and cancellation of this Debenture. Upon
any registration of transfer, a new registered Debenture or Debentures, of
authorized denomination or denominations, and in the same aggregate principal
amount, will be issued to the transferee in exchange therefor.

     The Company, the Trustee, any paying agent and any Security registrar may
deem and treat the registered holder hereof as the absolute owner of this
Debenture (whether or not this Debenture shall be overdue and notwithstanding
any notations of ownership or other writing hereon made by anyone other than the
Security registrar) for the purpose of receiving payment of or on account of the
principal hereof and interest due hereon as herein provided and for all other
purposes, and neither the Company nor the Trustee nor any paying agent nor any
Security registrar shall be affected by any notice to the contrary.

     No recourse shall be had for the payment of the principal of or interest on
this Debenture, or for any claim based hereon, or otherwise in respect hereof,
or based on or in respect of the Indenture or any indenture supplemental
thereto, against any incorporator or against any past, present or future
stockholder, officer or member of the Board of Directors, as such, of the
Company, whether by virtue of any constitution, statute or rule of law, or by
the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue
hereof, expressly waived and released.

                                       -3-

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     This Debenture shall be deemed to be a contract made under the laws of the
State of New York, and for all purposes shall be construed in accordance with
the laws of the State of New York.

     All terms used in this Debenture which are defined in the Indenture and not
defined herein shall have the meanings assigned to them in the Indenture.

     This Debenture shall not be entitled to any benefit under the Indenture or
be valid or obligatory for any purpose until the certificate of authentication
on the face hereof is manually signed by the Trustee.

     IN WITNESS WHEREOF, the Company has caused this Debenture to be signed by
the manual or facsimile signatures of a Vice President and Controller and the
Vice President and Treasurer of the Company, and a facsimile of its corporate
seal to be affixed or reproduced hereon.

                              CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

By

                              Vice President and Controller

By

                              Vice President and Treasurer

SEAL

TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This is one of the Securities of the series
designated herein issued under the Indenture
described herein.

                              JPMORGAN CHASE BANK,
                               as Trustee

By

                              Authorized Officer

Dated: June 13, 2003

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Exhibit 4.2  

 
 

2003 SUPPLEMENTAL INDENTURE    
    

        2003 SUPPLEMENTAL INDENTURE, dated as of June 9, 2003 (this "Supplemental Indenture"), between FIRST DATA CORPORATION, a Delaware corporation (hereinafter
called the "Company"), having its principal executive office at 6200 South Quebec Street, Greenwood Village, Colorado 80111, and WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, a national banking
association (hereinafter called the "Trustee"), having its Corporate Trust Office at Sixth and Marquette, Minneapolis, Minnesota 55479. Capitalized terms used in this Supplemental Indenture, unless
otherwise defined herein, shall have the meanings set forth in the Indenture (as defined below). 

RECITALS  

        WHEREAS, the Company and the Trustee are parties to that certain Indenture dated as of March 26, 1993 (the "Indenture"), as supplemented by the First
Supplemental Indenture dated as of October 4, 1995 and the 2001 First Supplemental Indenture dated as of February 28, 2001, providing for the issuance by the Company from time to time of
its debentures, notes, bonds or other evidences of indebtedness ("Debt Securities"); and 

        WHEREAS,
the Company and the Trustee desire to amend certain provisions of the Indenture as provided herein, such amendments to be effective only with respect to series of Debt
Securities established after the date hereof, unless the Company specifies that all or a portion of this Supplemental Indenture shall not apply to any such series. 

        WHEREAS,
all things necessary to make this Supplemental Indenture a valid agreement of the Company in accordance with its terms have been done, and the execution and delivery thereof
have been in all respects duly authorized by the parties hereto. 

        NOW,
THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and the Trustee hereby agree as follows: 

 SECTION 1. Amendments to the Indenture.  

        1.1.  The
following definition contained in Section 1.01 of the Indenture shall be amended in its entirety to read as follows: 

        "Indebtedness"
means (1) any liability of any Person (a) for borrowed money, or (b) evidenced by a bond, note, debenture or similar instrument (including purchase
money obligations, but excluding Trade Payables), or (c) for the payment of money relating to a lease that is required to be classified as a capitalized lease obligation in accordance with
generally accepted accounting principles, or (d) preferred or preference stock of a Subsidiary of the Company held by Persons other than the Company or a Subsidiary of the Company;
(2) any liability of others described in the preceding clause (1) that the Person has guaranteed, that is recourse to such Person or that is otherwise its legal liability; and
(3) any amendment, supplement, modification, deferral, renewal, extension or refunding of any liability of the types referred to in clauses (1) and (2) above, except that
(i) the issuance of payment instruments, consumer funds transfers, or other amounts paid to or received by the Company, any of its Subsidiaries or any agent thereof in the ordinary course of
business in order for the Company or such Subsidiary to make further distribution to a third party shall not constitute "Indebtedness", in each case to the extent payment in respect thereof has been
received by the Company, such Subsidiary or any agent thereof and (ii) temporary overdraft obligations incurred in the ordinary course of business in connection with settlement procedures
between merchants and transaction card issuers shall not constitute "Indebtedness". 

 

        1.2.  The
following definition shall be added to Section 1.01 of the Indenture, such definition to be inserted in its applicable alphabetical location: 

        "Restricted
Subsidiary" at any time, means any Subsidiary which has revenues, determined on a consolidated basis (with its Subsidiaries) in accordance with generally accepted accounting
principles,
equal to or exceeding 10% of the Company's consolidated revenues for the most recently completed fiscal year of the Company for which financial information is then available. 

        1.3.  The
definition of "Affiliated Corporation" contained in Section 1.01 of the Indenture shall be deleted in its entirety. 

        1.4.  Section 5.01(5) of
the Indenture shall be amended in its entirety to read as follows: 

        (5)   default
(i) in the payment of any scheduled principal of or interest on any Indebtedness of the Company or any Subsidiary of the Company (other than Debt
Securities of such series), aggregating more than $25 million in principal amount, when due after giving effect to any applicable grace period or (ii) in the performance of any other
term or provision of any Indebtedness of the Company or any Subsidiary of the Company (other than Debt Securities of such series) in excess of $25 million principal amount that results in such
Indebtedness becoming or being declared due and payable prior to the date on which it would otherwise become due and payable, and such acceleration shall not have been rescinded or annulled, or such
Indebtedness shall not have been discharged, within a period of 15 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the
Trustee by the Holders of at least 25% in principal amount of the Outstanding Debt Securities of such series, a written notice specifying such default or defaults and stating that such notice is a
"Notice of Default" hereunder; or 

        1.6.  Section 5.01(6) of
the Indenture shall be amended in its entirety to read as follows: 

        (6)   the
entry against the Company or any Subsidiary of the Company of one or more judgments, decrees or orders by a court having jurisdiction in the premises from which no
appeal may be or is taken for the payment of money, either individually or in the aggregate, in excess of $25 million, and the continuance of such judgment, decree or order unsatisfied and in
effect for any period of 45 consecutive days after the amount thereof is due without a stay of execution and there has been given, by registered or certified mail, to the Company by the Trustee
or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Debt Securities of such series, a written notice specifying such entry and continuance of such
judgment, decree or order and stating that such notice is a "Notice of Default" hereunder; or 

        1.7.  Section 12.07(g) of
the Indenture shall be amended in its entirety to read as follows: 

        (g)   any
mortgage, pledge or other lien or encumbrance not otherwise permitted under this Section; provided, the aggregate
amount of indebtedness secured by all such any mortgages, pledges, liens or encumbrances, together with the aggregate sale price of property involved in sale and leaseback transactions not otherwise
permitted except under Section 12.08(a) does not exceed the greater of $100,000,000 or 15% of Consolidated Stockholders' Equity. 

        1.8.  Section 12.08(a) of
the Indenture shall be amended in its entirety to read as follows: 

        (a)   the
sum of the aggregate sale price of property involved in sale and leaseback transactions not otherwise permitted under this Section plus the aggregate amount
of indebtedness secured by all mortgages, pledges, liens and encumbrances not otherwise permitted except under Section 12.07(g) does not exceed the greater of $100,000,000 or 15% of
Consolidated Stockholders' Equity; or 

2

 

        1.9.  Section 12.09
of the Indenture shall be amended in its entirety to read as follows: 

        Section 12.09.
Limitation on Restricted Subsidiary Indebtedness. 

        The
Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to create, incur, assume or guarantee any Indebtedness unless immediately thereafter the
aggregate amount of all Indebtedness of Restricted Subsidiaries (excluding Indebtedness owed to the Company or a Restricted Subsidiary, including any renewal or replacement thereof) and the discounted
present value of all net rentals payable under leases covered by Section 12.08 (and not expressly excluded therefrom) would not exceed 20% of Consolidated Stockholders' Equity;  provided,
however, that, solely for purposes of this covenant, Indebtedness shall not include
indebtedness incurred in connection with overdraft or similar facilities related to settlement, clearing and related activities by a Restricted Subsidiary in the ordinary course of business consistent
with past practice to the extent that such indebtedness remains outstanding for a period not to exceed 72 hours; and provided,  further, that any
indebtedness of a Person (i) existing at the time such Person becomes a Restricted Subsidiary or is merged with or into the
Company or a Restricted Subsidiary or other entity or (ii) assumed by the Company or a Subsidiary in connection with the acquisition of all or a portion of the business of such Person, shall
not be deemed to be Indebtedness created, incurred, assumed or guaranteed by a Restricted Subsidiary or otherwise deemed to be Indebtedness of a Restricted Subsidiary for purposes of this covenant. 

        1.10. Section 12.10
shall be added to the Indenture and shall read in its entirety as follows: 

        Section 12.10.
Waiver of Certain Covenants. 

        The
Company may omit in any particular instance to comply with any term, provision or condition set forth in Sections 12.05, 12.07, 12.08 and 12.09 (and, if so specified pursuant
to Section 3.01, any other
covenant not set forth herein and specified pursuant to Section 3.01 to be applicable to the Securities of any series, except as otherwise provided pursuant to Section 3.01) with respect
to the Debt Securities of any series if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Debt Securities of such series shall, by Act of
such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or
condition except to the extent expressly so waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision
or condition shall remain in full force and effect. 

        SECTION 2. Application and Effectiveness of Supplemental Indenture.    (a) This Supplemental Indenture shall be effective
as of the date first above written. Each and every term and condition contained in this Supplemental Indenture that modifies or amends the terms and conditions of the Indenture shall apply only to
series of Debt Securities established under the Indenture after the date of this Supplemental Indenture. Except as specifically amended by, or to the extent inconsistent with, this Supplemental
Indenture, the Indenture shall remain in full force and effect and is hereby ratified and confirmed. Each reference in the Indenture to "this Indenture" shall mean the Indenture as amended by this
Supplemental Indenture, and as hereafter amended, restated or supplemented. 

        (b)   Notwithstanding
paragraph (a) above, the Company may, with respect to any series of Debt Securities established after the date hereof, specify pursuant to
Section 3.01 of the Indenture that all or a portion of this Supplemental Indenture shall not apply to such series. If the Company so specifies, then such series shall be governed by the
Indenture read without giving effect to such specified portions of this Supplemental Indenture. 

        SECTION 3. Counterparts.    This Supplemental Indenture may be executed in any number of counterparts, each of which when so
executed shall be deemed to be an original, but all of which shall together constitute but one and the same instrument. 

3

 

        SECTION 4. Governing Law.    This Supplemental Indenture shall be deemed to be a contract made and to be performed entirely in
the State of New York, and for all purposes shall be governed by and construed in accordance with the laws of said State without regard to the conflicts of law rules of said State. 

4

 

        IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed by their respective officers hereunto
duly authorized, all as of the day and year first above written. 

	

 	
 	
FIRST DATA CORPORATION
	

 	
 	
By:	
 	

/s/  STANLEY J. ANDERSEN      
 Name: Stanley J. Andersen

Title: Assistant Secretary
	

Attest:	
 	

 	
 	

 
	

/s/  JOSEPH MULLIN      
 Name: Joseph Mullin

Title: Assistant Secretary	
 	

 	
 	

 
	

 	
 	
WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as Trustee
	

 	
 	
By:	
 	

/s/  MICHAEL T. LECHNER      
 Name: Michael T. Lechner

Title: Assistant Vice President
	

Attest:	
 	

 	
 	

 
	

/s/  JULI PELLETIER      
 Name: Juli Pelletier

Title: Corporate Trust Officer	
 	

 	
 	

 

Signature Page

2003 Supplemental Indenture  

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