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Con Edison Media Relations
Richard D. Mulieri, Director
Telephone: (212) 460-4111

For Immediate Release: May 2, 1997

Con Edison Opens 24-Hour
Interactive Investor Relations Line

Con Edison's 145,000 common stock shareholders can now access their common share stock accounts and obtain up-to- date information concerning Con Edison stock 24- hours-a- day, seven days a week by calling a toll-free number.

"This interactive phone service gives our stockholders easy access to their accounts and provides an efficient way to obtain information that stockholders may find useful," said Joan M. Kistinger, Con Edison's manager of investor services.

The automated toll-free telephone number, 1-800-522- 5522, functions through a Voice-Response Unit or VRU, with options based on the time of day the caller accesses the number. Callers may speak with a Con Edison Investor Services staff member Monday through Friday from 8:30 a.m. to 4:00 p.m.

All calls concerning stockholder-specific account information are secure and confidential, and can only be accessed by using personalized information.

TIME OF DAY OPTIONS

The VRU menu has easy-to-follow options, which are activated by touching the buttons on any standard touch-tone telephone. Shareholders with rotary-dial telephones will have access to account information with representative assistance.

During company business hours, from 8:30 a.m. to 4:00 p.m., callers may access the prior day's closing price for Con Edison common stock, along with any timely stockholder- related messages from the company. Three other menu options include:

  • Financial publication requests by mail, including Con Edison annual reports, dividend reinvestment

    prospectus or copies of company 10Q and 10K reports.
  • Instructions on transferring common shares from one individual to another.

  • Accessing personal account stock balances, year-to- date dividend payments, dividend reinvestment history or recent dividend check payment information can be obtained.

From 9:00 p.m. to 1:30 a.m., callers receive the closing common share stock price and a timely investor- related message only. These limited options are offered during off-peak hours in order to allow daily processing of account transactions.

During other times, callers receive the same information as during business hours, but they won't have the option to speak to a company representative.

The toll-free number, 1-800-522-5522, also can be used by preferred stock holders during business hours to speak to a representative.




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