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Credit Ratings Summary

Moody's Standard & Poor's Fitch
Consolidated Edison Inc.
Senior Unsecured Debt A3 BBB+ BBB+
Commercial Paper P-2 A-2 F2
Outlook Stable Stable Stable
Consolidated Edison Co. Of New York, Inc.
Senior Unsecured Debt A2 A- A-
Commercial Paper P-1 A-2 F2
Outlook Stable Stable Stable
Orange and Rockland Utilities, Inc.
Senior Unsecured Debt A3 A- A-
Commercial Paper P-2 A-2 F2
Outlook Stable Stable Stable