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Con Edison Media Relations
Contact: Joe Petta
Telephone: (212) 460-4111

For Immediate Release: January 2, 1998

AT&T VETERAN NAMED PRESIDENT OF CON EDISON SOLUTIONS

John E. Boyd, a 32-year veteran of AT&T, has been named president and CEO of Con Edison Solutions, Consolidated Edison Inc.'s unregulated energy services subsidiary. Most recently, Mr. Boyd has served as AT&T's vice president - local market development, where he was charged with establishing a local telecommunications business in the Northeast for the long distance giant. He joined AT&T/The New York Telephone Company in 1965 and held leadership positions in the company's consumer products, computer systems and information systems areas. His assignments have included vice president-national distribution for AT&T Computer Systems, New York area vice president, vice president-strategic marketing/planning, and president, AT&T Computer Systems-International.

Mr. Boyd holds a BA in English Literature from Iona College and an MS in Advanced Management from Pace University. He resides in New York City.

Con Edison Solutions, formerly ProMark Energy, Inc., is Con Edison's energy services company. It was established in 1993 as a gas marketing subsidiary. Its current activities include all forms of energy supply, including electricity, gas and oil, as well as providing energy-related services to its business, governmental and residential customers. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with nearly $7 billion in annual revenues and $14 billion in assets. The company provides a wide range of energy-related products and services to its customers through its four subsidiaries:

Con Edison of New York, a regulated utility providing electric, gas and steam service to New York City and Westchester County, New York; Con Edison Development, an infrastructure development company; Con Edison Energy, a wholesale energy supply company; and Con Edison Solutions, a retail energy services company. \n\n\n\n\n

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