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

For Immediate Release: November 4, 2003

CON EDISON HOSTS SECOND ENVIRONMENTAL EXCELLENCE FORUM
Executive Director of Coalition for Environmentally Responsible Economies Delivers Keynote Address

NEW YORK - Consolidated Edison Company of New York, Inc. (Con Edison) hosted its second annual environmental forum at its Learning Center in Long Island City recently. The forum, Commitment to Excellence: Managing Environmental Risk, assembled environmental leaders from 24 major corporations in the Northeast to discuss environmental excellence and examine practices to identify, evaluate and manage environmental risk.

"Con Edison believes that corporations such as ours should contribute to the collaborative efforts that will make the world we live in environmentally sound. For that reason, we formally announced in 2001 our endorsement of the principles of the Coalition for Environmentally Responsible Economies (CERES). This environmental forum is part of our effort to extend our collaborative efforts with the business community and to continue to learn from others," said Kevin Burke, president and chief operating officer at Con Edison.

The keynote speaker was Mindy Lubber, executive director of CERES. She noted the major significance of managing environmental risk as a component in every firm's environmental policy. "The approach to managing environmental risk is truly the fundamental soul of a corporation's strength morally, financially, legally and scientifically. It is a fundamental part of a company's core strategy, or what could be thought of as the DNA of the core strategy - part of the way the company works," said Lubber.

Dr. John Paling of the Risk Management Communication Institute outlined a unique approach for helping define relative risk. The day's events included break-out sessions and discussion panels on topics such as environmental strategic planning and company culture issues, aimed at facilitating an open exchange of ideas on key corporate environmental questions.

Randolph S. Price, vice president of environment, health and safety at Con Edison, closed the conference by thanking the participants for contributing their expertise to the event, and remarked, "We hope that what we have learned here today will enrich our perspectives as we continue to strive in our pursuit of environmental excellence."

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with more than $9 billion in annual revenues and $19 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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