Press Release

NEW YORK, April 20 /PRNewswire-FirstCall/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today declared a quarterly dividend of 57 1/2 cents a share on its common stock, payable June 15, 2006, to stockholders of record as of May 15, 2006.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $25 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following 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 supply and services company; Con Edison Energy, a wholesale energy supply company; and Con Edison Development, a company that owns and operates generating plants and participates in other infrastructure projects.

SOURCE Consolidated Edison, Inc. -0- 04/20/2006 /CONTACT: Joseph Petta, +1-212-460-4111, for Consolidated Edison, Inc./ /Web site: http://www.coned.com / (ED)