Press Release

Demand Reductions Complement Infrastructure InvestmentsNEW YORK, NY, Nov 21, 2008 (MARKET WIRE via COMTEX News Network) -- Con Edison is soliciting proposals from qualified parties for demand side management (DSM) measures, for an aggregate of 30 megawatts (MW) of demand reduction, in targeted areas of New York City and Westchester.

Targeted DSM programs are designed to permanently reduce customer electric demand by installing energy efficient lighting, refrigeration, air conditioning and/or heating equipment. Even as Con Edison is involved in its most aggressive substation building program in 30 years, the company's Targeted DSM effort helps defer transmission and distribution investments.

Since Con Edison customers continue to set new records for electric use, the ability to lessen demand supports the environment, while deferring needed infrastructure investment, even for a year or two, also helps hold down construction costs and rates. Since 2004, Con Edison has secured contractual commitments through 2012 from vendors for 194 MW in demand reductions throughout New York City and Westchester.

The company's newest DSM effort targets areas of East 40th, West 19th, West 40th and West 65th Streets in Manhattan; East 179th Street, the Parkchester and Mott Haven areas in the central and northeast Bronx; the Rego Park and Jackson Heights areas in Queens; the south shore and Fresh Kills areas of Staten Island; and, White Plains in Westchester.

Contractor proposals must include projects for Con Edison customers located within the specific load areas and who pay the monthly adjustment clause as set forth in the company's electric tariff. Con Edison may award multiple contracts within the various load areas to achieve the demand reduction sought.

Creative proposals that include energy efficiency measures and/or clean distributed generation (DG) are encouraged. All DG installations must operate in parallel with Con Edison's applicable interconnection specifications, which are available at www.coned.com/dg. Proposals for DSM that target the low-income residential sector, or that involve the use of steam chillers, will be favorably considered. Except for steam chillers, measures installed in connection with new construction or total renovation are not eligible under this RFP.

DSM measures that temporarily reduce, curtail or interrupt load, such as direct load control devices, or operating and maintenance improvements that reduce load, are not eligible for participation pursuant to this RFP. To obtain a copy of the RFP and the DSM Agreement visit: http://www.coned.com/sales/business/targetedRFP2008.asp.

DSM programs are part of Con Edison's EnergyNY plan to promote energy efficiency and conservation, as well as new investments in the energy-delivery infrastructure. To learn more, visit www.Coned.com/EnergyNY.

Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $29 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:
Media Relations
212-460-4111

SOURCE: Con Edison Co. of NY, Inc.