Press Release

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Dec. 26, 2002--At the stroke of midnight on New Year's Eve ConEdison Solutions(R), one of the leading energy service providers in the United States, will donate to the New York State power grid 83,000 watts of electricity generated by an upstate wind farm - an amount equal to the power used to light the New Year's Eve ball and 2003 numerals in Times Square.

The electricity for the New Year's Eve ball and numerals, equivalent to the wattage needed to power 10 large homes or 100 apartments, will be provided in partnership with Community Energy, Inc and certified as Green-e compliant by the Center for Resource Solutions. Products certified by the Center's Green-e program have met consumer protection and environmental standards.

The New Wind Energy(TM) is the product of Community Energy, Inc., and supplied by the recently dedicated 30-megawatt wind power farm in Fenner, NY, developed and owned by CHI Energy, Inc., with funding support from the New York State Energy Research and Development Agency. Community Energy, Inc. was founded in 1999 to expand the market for premium, clean energy - energy produced with no fuel or pollution.

"With this donation, ConEdison Solutions is reaffirming its commitment to providing customers with electricity generated from environmentally-friendly energy sources," said Thomas Ringwald, Managing Director with ConEdison Solutions. "This formally kicks off our marketing of green power, using wind energy as one source of that power, to residential customers in the greater New York City area, including the five boroughs and Westchester County."

Marketing of Green Power to New York City Area Residences

ConEdison Solutions and Community Energy, Inc. are working together to make green power available to customers in the New York City region. The initial offering under this partnership is available to all residential customers in the ConEdison and Orange and Rockland service territories. The product, supplied by New Wind Energy(TM) and small, run-of-the-river hydro power, is completely emission-free. ConEdison Solutions' green power offer is Green-e certified.

ConEdison Solutions provides a wide range of energy procurement and management services to companies, helping customers successfully navigate the new competitive energy landscape. ConEdison Solutions also supplies attractively priced electricity, natural gas, and value-oriented services to residential and small business customers. ConEdison Solutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED). More information can be obtained by calling 1-888-210-8899 or visiting the ConEdison Solutions website at www.ConEdSolutions.com. You can also visit the Consolidated Edison, Inc. website at www.conedison.com for information on all of the Consolidated Edison companies.

Community Energy, Inc. is the leading marketer of locally generated wind power. Under its New Wind Energy(TM) brand, Community Energy, Inc. partners with existing electric suppliers to make wind-generated electricity available at the best price to commercial and residential customers. Community Energy, Inc. customers include the seven largest purchasers of wind-generated electricity in the nation. More information is available at www.newwindenergy.com.

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