Press Release

NEW YORK, July 27, 2005 /PRNewswire via COMTEX/ -- Another electricity usage record has been reached. Con Edison set a record for peak electricity demand of 13,059 megawatts at 5:00 p.m. today, eclipsing the former record of 13,003 megawatts set earlier today at 4:00 p.m. Today also marks the first time in Con Edison's 123-year history of delivering electricity that peak demand, the amount of electricity being used at a given time, has surpassed the 13,000- megawatt mark. Four of the top 10 electric peak loads of all time have been reached so far this summer.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $10 billion in annual revenues and $24 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit Con Edison's Web site at http://www.coned.com.

SOURCE Con Edison

Michael Clendenin, +1-212-460-4111