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Con Edison of New York Declares Preferred Stock Dividends
NEW YORK, NY, Mar 20, 2007 (MARKET WIRE via COMTEX News Network) -- Consolidated Edison Company of New York, Inc. (NYSE: ED) (Con Edison of New York) declared the following quarterly dividends on its outstanding preferred stock, payable May 1, 2007, to stockholders of record as of April 11, 2007:
Preferred Stock                                 Dividend Per Share
---------------                                 ------------------
$5 Cumulative Preferred Stock                   $1.25
Cumulative Preferred Stock, 4.65% Series C      $1.1625
Cumulative Preferred Stock, 4.65% Series D      $1.1625

Con Edison of New York is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $27 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 of New York's Web site at http://www.coned.com.

Contact:
Joseph Petta
212-460-4111
Media Relations:
Consolidated Edison Company
of New York, Inc.
4 Irving Place
New York NY 10003
www.conEd.com

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