Press Release

NEW YORK, Nov. 22 /PRNewswire-FirstCall/ -- Consolidated Edison Company of New York, Inc. (Con Edison) was recently named Regional Corporation of the Year by the New York/New Jersey Minority Purchasing Council, Inc. This is the third consecutive year that Con Edison has been honored by the Council. The company received the award at a ceremony at the Times Square Marriott Marquis.

"Con Edison's commitment to increasing the inclusion of minority and women-owned businesses has spanned more than 20 years and continues to grow," said Carole Sobin, vice president of purchasing for Con Edison. "Through our own Minority/Women Business Program we're offering a wide range of contract opportunities to help our vendors meet the challenges presented in a highly competitive marketplace."

The Council, established in 1973 as a vital link between major corporations and the minority business community, selects a firm from either New York or New Jersey for the regional award. Its membership comprises Fortune 500 companies that develop and use minority-owned businesses. The local Council is one of 39 affiliates of the National Minority Supplier Development Council (NMSDC).

Last year, Con Edison's Minority and Women Business program was honored by the National Association of Hispanics in Telecommunication and Information Technology, the New York State Association of Minority Contractors, and the Selective Staffing Internship Program. The company also has been recognized by Fortune magazine for four consecutive years as one of the "50 Best Employers for Asians, Blacks and Hispanics."

Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies, with more than $8 billion in annual revenues and $18 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 Consolidated Edison Company of New York, Inc.

/CONTACT: D. Joy Faber of Consolidated Edison Company of New York, Inc., +1-212-460-4111/