Press Release

NEW YORK, NY, Aug 29, 2007 (MARKET WIRE via COMTEX News Network) -- Consolidated Edison Company of New York, Inc. (Con Edison) yesterday issued a Request For Proposal (RFP) soliciting applications from qualified parties to supply the company with new demand side management (DSM) resources to be delivered in targeted areas of New York City and Westchester County.

The company is forecasting increased power use throughout its service area. At the same time, energy use in certain neighborhoods is projected to increase at a faster pace than in others. This growth results in the need for electric-delivery-system upgrades in those communities. As part of Con Edison's effort to effectively manage this growth, the RFP seeks savings of approximately 158 megawatts in 10 neighborhoods over a multi-year period beginning in 2010.

Customers could see savings by installing DSM resources such as energy-efficient lighting, air conditioning, refrigeration, motors, clean distributed generation, and steam air conditioning. Residential and commercial customers may qualify, and there may be financial incentives to customers to help offset installation costs.

Qualifying proposals will be evaluated based on the proposed price, technical and financial qualifications of the respondents, and proposed implementation program.

To obtain a copy of the RFP and the DSM Agreement visit: http://www.coned.com/sales/business/targetedRFP2007.asp.

Con Edison 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's Web site at www.conEd.com.

Contact:
Joseph Petta
212-460-4111