Filed Pursuant to Rule 433

Registration Statement No. 333-136268

September 20, 2006

PRICING TERM SHEET

 

Issuer:		Consolidated Edison Company of New York, Inc.
Ratings:		A1 (Moody’s); A (S&P); A+ (Fitch)
Issue of Securities:		5.50% Debentures, Series 2006 C due 2016
Principal Amount:		$400,000,000
Coupon:		5.50% per annum
Interest Payment Dates:		Semi-annually on March 15 and September 15, commencing March 15, 2007
Maturity:		September 15, 2016
Treasury Benchmark:		4.875% due August 15, 2016
US Treasury Yield:		4.721%
Spread to Treasury:		.83%
Re-offer Yield:		5.551%
Initial Public Offering Price:		per Debenture: 99.615%; Total: $398,460,000
Underwriting Discount:		per Debenture: 0.650%; Total: $2,600,000
Proceeds (before expenses) to the Company:		per Debenture: 98.965%; Total: $395,860,000
Optional Redemption:		Make Whole Treasury Rate + 15 basis points
Minimum Denomination:		$1,000
Settlement Date:		September 25, 2006 (T+3)
CUSIP:		209111 EN 9
Underwriters:		HSBC Securities (USA) Inc. (35%)
		Morgan Stanley & Co. Incorporated (35%)
		KeyBanc Capital Markets, a division of McDonald Investments Inc. (10%)
		Greenwich Capital Markets, Inc. (10%)
		Raymond James & Associates, Inc. (5%)
		M.R. Beal & Company (2.5%)
		Samuel A. Ramirez & Co., Inc. (2.5%)

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling HSBC Securities (USA) Inc. toll-free at 1-866-811-8049 or Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649.