Con Edison Media Relations
For Immediate Release: May 10, 2004
CON EDISON REVISES 2004 EARNINGS PROJECTION
NEW YORK - Consolidated Edison, Inc. [NYSE: ED] separately announced today its
plans to issue common stock in a public offering. The issue will result in dilution
to year 2004 earnings of approximately 10 cents per share. The company now expects
its earnings for the year 2004 to be in the range of $2.50 to $2.70 a share. The
company's previous forecast of 2004 earnings was in the range of $2.60 to $2.80
This press release contains forward-looking statements of future expectations.
Actual results might differ materially from those projected because of factors
such as those identified in reports the company has filed with the Securities
and Exchange Commission.
Consolidated Edison, Inc. provides a wide range of energy-related products and
services to its customers through its six subsidiaries: Consolidated Edison Company
of New York, Inc., a regulated utility providing electric, gas, and steam service
in New York City and Westchester County, New York; Orange and Rockland Utilities,
Inc., a regulated utility serving customers in a 1,350 square mile area in southeastern
New York state and adjacent sections of northern New Jersey and northeastern Pennsylvania;
Con Edison Solutions, a retail energy services company; Con Edison Energy, a wholesale
energy supply company; Con Edison Development, a company that owns and operates
generating plants and participates in other infrastructure projects; and Con Edison
Communications, a telecommunications infrastructure company and service provider.