Press Release

NEW YORK, Sep 16, 2002 /PRNewswire-FirstCall via COMTEX/ -- 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 Merrill Lynch Global Power and Gas Leaders Conference on Wednesday, September 18, 2002. Ms. Freilich's presentation, "We Never Left the Basics," will be Webcast at 11:45 a.m. EDT.

The live audio Webcast of the presentation and slide materials can be accessed at http://www.twst.com/econf/mm/merrill3/ed.html. A replay of the presentation will be available within 24 hours and will be archived for 14 days, also at http://www.twst.com/econf/mm/merrill3/ed.html. The presentation slides will also be available on the Consolidated Edison, Inc. Website at http://investor.conedison.com .

Consolidated Edison, Inc. (NYSE: ED) is one of the nation's largest investor-owned energy companies, with approximately $10 billion in annual revenues and $17 billion in assets. The company provides a wide range of energy-related products and services to its customers through two regulated utility subsidiaries and four competitive energy and telecommunications businesses. For additional financial, operations and customer service information, visit the Consolidated Edison, Inc. Web site at http://www.conedison.com .

SOURCE Consolidated Edison, Inc.

CONTACT: Joseph Petta, +1-212-460-4111, for Con Edison URL: http://www.conedison.com