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Con Edison Media Relations
Contact: Michael Clendenin
Telephone: (212) 460-4111

For Immediate Release: January 3, 2001

CON EDISON RETURNS INDIAN POINT 2 TO SERVICE

New York, N.Y. - Consolidated Edison Company of New York, Inc. (Con Edison) announced that its Indian Point 2 nuclear generating station resumed power operation at 2:14 a.m. today and is now connected to the companyís electrical grid.

Con Edison recently completed the installation of four new steam generators following the development of a small crack in a tube of one of the four original steam generators. The restart follows months of extensive testing of plant systems. Nuclear Regulatory Commission staff have been on-site during the outage and have conducted numerous inspections and reviews. Last month, the company announced the sale of Indian Point 2 to the Entergy Corporation, and anticipates closing the deal by mid-2001.

Con Edison [NYSE: ED] is a subsidiary of Consolidated Edison, Inc., one of the nationís largest investor-owned energy companies, with approximately $9 billion in annual revenues and $16 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit Con Edisonís web site at www.coned.com.


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