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Source: Con Edison, Inc.


For Immediate Release: July 30, 1998

CON EDISON ANNOUNCES EXECUTIVE APPOINTMENTS

Consolidated Edison Company of New York, Inc. (Con Edison) announced today that its Board of Trustees has named John D. McMahon senior vice president and general counsel; Marilyn Caselli vice president, customer operations; and Saddie L. Smith, vice president, Staten Island. McMahon also was named senior vice president and general counsel of Con Edison's holding company, Consolidated Edison, Inc. All the appointments are effective August 1.

McMahon, 46, was named to his current position, deputy general counsel - corporate and regulatory, for Con Edison in October 1997. He also has served as associate general counsel - utility affairs, assistant general counsel and associate counsel for the company. He joined Con Edison in 1976.

A member of the American Bar Association, the New York State Bar Association and the legal committee of the Edison Electric Institute, McMahon holds a J.D. from New York Law School and a B.A. from Manhattan College. He resides in Eastchester with his wife Catherine and their three children, and coaches local youth baseball and basketball teams. He succeeds Peter O'Shea, who left the company.

In her new position, Caselli, 43, will have overall responsibility for the company's customer service programs, including customer outreach, billing, telephone call centers and the company's Retail Choice Program. Caselli currently is vice president, Staten Island. From 1996 to 1997, Caselli served as the general manager of Queens gas operations. Prior to that, she has held general manager positions in customer operations in Queens and Brooklyn. She joined Con Edison in 1974 as a customer service representative.

Caselli holds a B.S. in Business Administration from the State University of New York. She is the first vice president of the American Lung Association and resides in the Annadale section of Staten Island with her husband Matthew. The couple has two children. Caselli succeeds Garrett Groscup, who retires on August 1.

In her new assignment, Saddie Smith, 45, will be responsible for all local operations on Staten Island, including customer service and electric operations. Smith currently is director of facilities management and office services. Smith joined Con Edison's Law Department in 1982, where she was assigned to the General Litigation section. In 1987 she moved into the utility's labor and environmental section, where her cases included employment litigation and labor disputes. From 1995 to 1996, Smith served as director of equal employment opportunity affairs. Prior to joining the company, she worked in private law practice at firms in Chicago and New York.

In 1996, Smith was nominated to the YWCA's Academy of Women Achievers, a professional women's organization. She also is a recipient of the YMCA "Black Achiever in Industry" award, and is an active member of the American Association of Blacks in Energy. Smith is a current member of the Corporate Educational Advisory Board at Manhattanville College in Purchase, New York.

A graduate of the Columbia University School of Law and Bowdoin College in Brunswick, Maine, Smith resides in Cortlandt Manor, New York with her husband Lowery Bogee, an educator in the Ossining school district. The couple has two children.

Con Edison is one of the nation's largest utility companies, with more than $7 billion in annual revenues and approximately $15 billion in assets. The company, a subsidiary of Consolidated Edison, Inc., provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York.


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