Con Edison Media Relations
Contact: Brenda Pérez
Telephone: (212) 460-4111
For Immediate Release: September 17, 2002
CON EDISON CEO TO RING CLOSING BELL AT NEW YORK STOCK EXCHANGE
NEW YORK - Consolidated Edison, Inc. (Con Edison) Chairman, President and CEO Eugene R. McGrath is scheduled to ring The Closing BellTM at the New York Stock Exchange (NYSE) at 4 p.m. on Wednesday, September 18. He will be joined by field workers who helped restore electric, gas and steam service following last year's September 11 terrorist attack on the World Trade Center.
NYSE Chairman and CEO Richard Grasso extended an invitation to Con Edison in recognition of the company's quick response and completion of the extraordinary task of bringing power back to downtown Manhattan.
Immediately following the attack, Con Edison deployed a workforce of 1,900 men and women working around the clock to restore electric, gas and steam service to lower Manhattan. Six days after the attack, full electrical service was restored in time for the re-opening of the stock exchange. Company crews ran 36 miles of temporary electrical cable above ground, restoring electric service to more than 13,300 customers. In addition, gas service was restored to more than 5,500 customers and steam service to 300 customers.
The job of moving the temporary electrical lines underground and adding transformers to the South Street Seaport substation was completed in time to meet summer electricity demand. The company also built a new gas-regulator station in the area, and installed a new steam main to provide heat and hot water to the World Financial Center. Permanent restoration continues, and a new substation must be built for reliability.
Consolidated Edison, Inc. [NYSE: ED] is one of the nation's largest investor-owned energy companies, with approximately $10 billion in annual revenues and $17 billion in assets. The company provides a wide range of energy-related products and services to its customers through two regulated utility subsidiaries and four competitive energy and telecommunications businesses. For additional financial, operations and customer service information, visit the Consolidated Edison Inc. web site at www.conedison.com.