Con Edison Media Relations
Contact: Michael Clendenin
Telephone: (212) 460-4111
For Immediate Release: March 6, 2001
CONSOLIDATED EDISON FILES SUIT IN SOUTHERN DISTRICT FOR DECLARATORY JUDGMENT
In response to the statement issued yesterday by Northeast Utilities, Consolidated Edison, Inc. [NYSE:ED] issued the following statement:
"Con Edison announced today that, in response to Northeast Utilities' action, Con Edison has filed suit in the Federal District Court in the Southern District of New York seeking a declaratory judgment that Northeast Utilities has failed to satisfy conditions precedent under the merger agreement. These violations include, among other things, uncovered supply obligations at Select Energy that pose "a significant risk"¹ and prospects in Northeast Utilities' unregulated businesses."
1 Northeast Utilities System February 20, 2001 Prospectus Filed Pursuant to Rule 424, at p.5.