Press Release

NEW YORK, NY, May 24, 2007 (MARKET WIRE via COMTEX News Network) -- As New Yorkers continue to opt for environmentally friendly ways to live, Con Edison (NYSE: ED) is promoting a new incentive for customers to pay their utility bills online without the wasteful use of paper. For every customer who enrolls Con Edison's e*bill program, the company will donate $1 to help plant trees in New York City and Westchester County.

The Con Edison e*bill program is a fast, convenient and environmentally friendly payment option in which customers can receive, view and pay bills online. Each month, Con Edison notifies customers via e-mail when bills are ready for viewing. Switching to e*bill is easy. Visit www.conEd.com/ebill to learn how to "leaf" your paper Con Edison bill behind.

As an added incentive, Con Edison will donate $1 for every customer who signs up for the e*bill program to a nonprofit tree planting fund. For customers living in New York City, the company will donate to Trees New York, and for customers living in Westchester County, donations will be sent to Friends of Westchester Parks, Inc.

"This is a prime opportunity for customers to sign up for the e*bill program," said Marilyn Caselli, senior vice president of Customer Operations. "It's an easy way to cut down on paper consumption and save trees by opting to receive and pay your bills electronically."

Recent studies show that if all U.S. households viewed and paid their bills electronically, it would save 18.5 million trees* -- avoiding 2.2 billion tons of toxic air pollutants, 1.7 billion pounds of solid waste, and saving 15.8 billion gallons of precious water.

For more information on how to get involved with a tree planting group in New York City and Westchester County log onto www.treesny.com or www.friendsofwestchesterparks.com.

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.

* Calculated in 2003 by Javelin Strategy & Research, using information from EPA, Alliance for Environmental Innovation, USPS, and USFS.

Contact: Alfonso Quiroz 212-460-4111
SOURCE: Con Edison Co. of NY Inc.