Press Release

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Consolidated Edison Inc. Statement Concerning Its Merger With Northeast Utilities

NEW YORK, Feb. 28 /PRNewswire/ -- Con Edison is reviewing the prospects for the merger in light of changes in Northeast Utilities' businesses that have occurred since the merger agreement and that impact their future prospects. Pending completion of this review and receipt of the remaining approvals from the SEC, Con Edison views the agreement as continuing in effect. SOURCE Consolidated Edison Inc.

CONTACT: Mary S. McCartney for Consolidated Edison Inc.,

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