Press Release

NEW YORK, May 1 /PRNewswire-FirstCall/ -- Consolidated Edison, Inc. (Con Edison) Executive Vice President and Chief Financial Officer Joan S. Freilich will discuss the company's corporate and financial strategies at the 2003 American Gas Association's Financial Forum on Monday, May 5, 2003. Ms. Freilich's presentation, "We Never Left the Basics," will be Webcast from Scottsdale, Ariz. from 4:05 p.m. to 4:50 p.m. (PDT) (7:05 p.m. to 7:50 p.m. EDT).

The live audio Webcast of the presentation and slide materials can be accessed at http://www.twst.com/econf/mm/aga/ed.html. A replay will be available shortly after the live presentation is completed and will be posted at the same link for 60 days. The presentation slides will also be available on the Consolidated Edison, Inc. Website at http://investor.conedison.com.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with $9 billion in annual revenues and approximately $19 billion in assets. The company provides a wide range of energy-related products and services to its customers through its six subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,350 square mile area in southeastern New York state and adjacent sections of northern New Jersey and northeastern Pennsylvania; Con Edison Solutions, a retail energy services company; Con Edison Energy, a wholesale energy supply company; Con Edison Development, an infrastructure development company; and Con Edison Communications, a telecommunications infrastructure company and service provider.

SOURCE Consolidated Edison, Inc. -0- 05/01/2003 /CONTACT: Joseph Petta of Con Edison, +1-212-460-4111/ /Web site: http://www.coned.com/ (ED) CO: Consolidated Edison, Inc. ST: New York