SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Tai Luther (Last) (First) (Middle) CONSOLIDATED EDISON, INC. 4 IRVING PLACE, ROOM 1618-S (Street) NEW YORK NY 10009 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/19/2007	3. Issuer Name and Ticker or Trading Symbol CONSOLIDATED EDISON INC [ ED ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Senior Vice President	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	6,447.98	D
Common Stock	234.69	I	By Thrift Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
EIP Stock	01/01/2008	01/02/2008	Common Stock	1,073.29	(1)	D
EIP Stock	01/01/2009	01/02/2009	Common Stock	1,109.31	(1)	D
EIP Stock	01/01/2010	01/02/2010	Common Stock	997.08	(1)	D
Employee Stock Option (Right to Buy)	02/24/2001	02/24/2008	Common Stock	2,000	42.56	D
Employee Stock Option (Right to Buy)	02/22/2002	02/22/2009	Common Stock	7,000	47.94	D
Employee Stock Option (Right to Buy)	04/20/2003	04/20/2010	Common Stock	10,000	32.5	D
Employee Stock Option (Right to Buy)	04/19/2004	04/19/2011	Common Stock	12,000	37.75	D
Employee Stock Option (Right to Buy)	04/18/2005	04/18/2012	Common Stock	12,000	42.51	D
Employee Stock Option (Right to Buy)	01/23/2006	01/23/2013	Common Stock	14,000	40.81	D
Employee Stock Option (Right to Buy)	01/15/2007	01/15/2014	Common Stock	14,000	43.06	D
Employee Stock Option (Right to Buy)	01/20/2008	01/20/2015	Common Stock	16,000	43.72	D
Employee Stock Option (Right to Buy)	01/19/2009	01/19/2016	Common Stock	18,000	46.88	D
Performance Based Restricted Stock Units(2)	(3)	(3)	Common Stock	1,600(4)	(5)	D
Performance Based Restricted Stock Units(2)	(6)	(6)	Common Stock	1,800(4)	(5)	D
Performance Based Restricted Stock Units(2)	(7)	(7)	Common Stock	4,300(4)	(5)	D

Explanation of Responses:

1. Equivalent Stock units (phanton stock) are converted into common stock on a 1-for-1 basis.

2. Performance Restricted Stock Units ("PRSUs") granted under the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan"). PRSUs are converted into common stock on a 1 for 1 basis.

3. The PRSUs will vest in 2008 when the number of PRSUs to be paid out are determined by the Management Development and Compensation Committee of the Company's Board of Directors.

4. The number of shares (or cash equivalents) will be adjusted based on certain performance criteria, including criteria other than the market price, specified under the Company's Plan.

5. Not Applicable

6. The PRSUs will vest in 2009 when the number of PRSUs to be paid out are determined by the Management Development and Compensation Committee of the Company's Board of Directors.

7. The PRSUs will vest in 2010 when the number of PRSUs to be paid out are determined by the Management Development and Compensation Committee of the Company's Board of Directors.

Remarks:

	Peter J. Barrett; Attorney-in-Fact	07/30/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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