Press Release

NEW YORK, June 19 /PRNewswire/ -- Consolidated Edison Company of New York, Inc. announced today that it will begin routine testing of plant systems at its Indian Point 2 nuclear generating station in Buchanan, New York on or about June 20, 2000. The testing is being performed in preparation for returning the plant to operational status and will involve pressurizing and heating piping systems to levels below normal operating conditions. The nuclear reactor will remain shutdown while the testing is in progress. The approval of the U.S. Nuclear Regulatory Commission (NRC) is required prior to restarting the plant, which was taken out of service on February 15, 2000.

Since February, plant staff has completed extensive inspections and analysis of the facility's operating equipment, including its four steam generators. The NRC must approve the results of the steam generator inspection analyses, referred to as the Condition Monitoring and Operational Assessment, before the plant is allowed to restart. This report was forwarded to the NRC on June 2 and the review process is currently underway. SOURCE Consolidated Edison Company of New York, Inc.

CONTACT: Joseph Petta of Consolidated Edison, 212-460-4111/