NewsCon Edison Media Relations
Contact: Michael S. Clendenin
Telephone: (212) 460-4111
For Immediate Release: September 22, 2000
CON EDISONíS STATEMENT ON CONNECTICUT DPUC DRAFT ORDER ON THE PROPOSED MERGER WITH NORTHEAST UTILITIES
"We are reviewing the commission's draft order on the merger and will assess its provisions over the next several days. While this merger will clearly benefit customers, it also needs to make business sense for the combined companies, and ensure their ability to invest in infrastructure improvements and enhance service reliability over the long term. Our preliminary review suggests that some provisions of the draft order could prevent us from achieving these fundamental objectives.
Over the next several weeks we will work closely with the commission members to address their questions and concerns. Our goal remains the same -- to move forward with a merger that benefits our customers, our shareholders and our employees."