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Con Edison Media Relations
Contact: Joseph Petta
Telephone: (212) 460-4111

For Immediate Release: October 3, 2002

CON EDISON SETS NEW RECORD FOR OCTOBER ELECTRIC DEMAND

NEW YORK - Con Edison said today that the first two days of this month set successive records for peak electric demand for an October day. Tuesday's demand of 8,556 megawatts topped the prior record of 8,263 megawatts established October 9, 1990. Yesterday's peak of 9,639 megawatts eclipsed the one-day-old record.

“This level of electric demand this late in the year underscores what we have been saying for the past several years - new sources of electric generation must be built in the city to keep ahead of rising demand and to support economic growth in the city and region. And, new substations are also needed to ensure the reliable delivery of power to those neighborhoods that are growing rapidly,” said Joseph Oates, Con Edison's vice president of energy management.

This summer, the utility set a June, July and August record for a three-month electricity sendout of 17,491,313 megawatt hours, nearly 4 percent above the prior record of 16,826,355 megawatt hours set during June, July and August, 2001. In addition, five of the company's 10 highest days of peak electricity demand, the greatest amount of energy being used at a given time, were registered this summer. The Con Edison system delivers energy to approximately 9 million New York City and Westchester County residents.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $10 billion in annual revenues and $17 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit Con Edison's Web site at www.coned.com.




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