Press Release

NEW YORK, Jan. 24 /PRNewswire/ -- Consolidated Edison Company of New York, Inc. (Con Edison) said today that the company set new records for weekend electricity use this past Saturday and Sunday. On January 22, a new Saturday peak-load record of 7,934 megawatts was reached, followed by a new Sunday record of 7,846 on January 23. Both days eclipsed marks established last winter.

In addition, a new weekend record for power consumption was reached when customers used 327,169 megawatt hours, topping the previous winter weekend record of 318,528 megawatts set January 10-11, 2004. The continuing cold has also accounted for five of the company's 10-highest peak loads for winter weekdays, with the other five highest occurring last winter.

The company said that the new records are weather-related, as New Yorkers turn up their thermostats and use electric heaters to warm their homes and businesses. Customers may contact Con Edison at 1-800-75-CONED or visit the company's Web site at www.coned.com to find cold weather, energy saving tips.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with $10 billion in annual revenues and $22 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.

SOURCE Consolidated Edison Company of New York, Inc. -0- 01/24/2005 /CONTACT: Joseph Petta of Con Edison, +1-212-460-4111/ /Web site: http://www.coned.com / (ED)