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Con Edison Media Relations
For Immediate Release: April 25, 2006

CON EDISON NAMED TO DIVERSITYINC MAGAZINE'S TOP 50 COMPANIES LIST

Company Scores High on National List

NEW YORK - Consolidated Edison Company of New York, Inc. (Con Edison) [NYSE:ED] was recently named by DiversityInc magazine as one of the country’s top 50 companies for promoting and encouraging diversity in its workforce. The company ranked second on Diversity’s overall list, and was named second among competing companies for supplier diversity. Con Edison also placed third on the list of the top companies for Latinos.

Additionally this year, Con Edison was listed in fifth place respectively as a Top 10 company for African-Americans, and as a Top 10 company for diverse recruitment and retention. In 2004, Con Edison was also named to the DiversityInc overall list.

"Con Edison is committed to its 13,200 employees, who serve nine million New Yorkers in one of the most diverse communities in the world. We appreciate DiversityInc's recognition of the company's success in developing a workforce that reflects the neighborhoods we serve in New York City and Westchester County," says Kevin Burke, Con Edison's chairman and chief executive officer.

New this year was the requirement that companies on the list demonstrate consistent strength in the four areas the survey measures. Also, more weight was given to CEO commitment, the most crucial of the four areas measured. The others areas are human capital, corporate communications and supplier diversity.

“Con Edison’s commitment to diversity starts with its CEO (Kevin Burke) and extends to all aspects of its business,” said Luke Visconti, partner and co-founder of DiversityInc. "As a top 50 company, Con Edison demonstrated strong unbiased recruitment and retention as well as excellence in communications and supplier diversity.” Details about the listings, the methodology and the strengths of the winning companies will appear in the June issue of DiversityInc magazine, whose headquarters are in Newark, N.J.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with $12 billion in annual revenues and $25 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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