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Con Edison Media Relations
For Immediate Release: June 2, 2011
1:00 p.m.

CON EDISON READY FOR SUMMER HEAT;
COOL CASH AVAILABLE FOR ENERGY SAVERS

Company Invests $1.1 Billion For Greater Reliability

NEW YORK – Con Edison said it is ready to handle the summer heat and urged consumers to take advantage of energy-efficiency programs to reduce usage and save money.

The company said it has invested $1.1 billion to strengthen its electric delivery systems for the upcoming hot season and beyond (conEd.com/summerprep).

“We want people to learn about our energy efficiency programs and how they can save money this summer,” said Craig Ivey, president of Con Edison. “Reducing energy usage enhances system reliability and protects the environment.”

Since Con Edison launched its “Green Team” energy-savings programs (conEd.com/greenteam) last summer, nearly 41,000 homes and small businesses have enrolled, with close to $20 million in customer incentives paid out to date. The programs are designed to help customers reduce their energy usage and cut their monthly bills. 

One customer, Steinway & Sons of Astoria, Queens, received a free energy survey showing it could save an estimated $6,700 annually through lighting upgrades.  Con Edison reimbursed 70 percent of the $24,000 installation cost, and the famed piano maker expects to recoup the remaining costs in about a year. Check out the video at http://www.youtube.com/watch?v=fjI3oZ92q3g.

Infrastructure Investments & Demand Forecast

This year’s electric delivery system improvements included $814 million for cables, transformers, and network protectors; $63 million on transmission upgrades; and $212 million on new substation installations and related equipment.

“Our highly trained work force prepares continuously through the fall, winter and spring to get our system ready for the summer season,” Ivey said. “Fortifying our infrastructure helps make Con Edison the most reliable utility in the country. These efforts directly benefit our customers.”

Electric power supplies are adequate to handle electric demand this year.  The electric peak demand forecast for this summer in Con Edison’s service area is 13,275 megawatts (MW), with a projected peak of 11,505 MW for New York City and 1,770 MW for Westchester County. The record peak – 13,141 megawatts – was set at 5 p.m. on Aug. 2, 2006. In-city power supplies are more than sufficient to meet the 81 percent in-city generation requirement, which is 1,095 MW above required levels.

Energy-Savings Programs

Here are more details about Con Edison’s energy efficiency programs:

For Homeowners (one- to four- family homes)

  • $30 rebates for new Energy Star window air conditioners.
  • Rebates up to $1,000 for installing eligible energy-efficient heating and air conditioning equipment.
  • Free programmable thermostats (a $300 value) for central air-conditioning systems.
  • $30 rebates for recycling old, second working refrigerator

For Apartments, Condos, or Co-ops (5 to 75 units)

  • Free surveys to evaluate building common areas and individual units for lighting, cooling- and heating-efficiency improvements, and incentives for these improvements.
  • Incentives for new Energy Star refrigerators and air conditioners, and free recycling of old, inefficient refrigerators and air conditioners.

For Small Businesses

  • Free energy surveys
  • Free upgrades such as CFLs and water-heater thermostats                                                                      
  • Big incentives up to 70 percent for major lighting, heating, and cooling upgrades                                 
  • Free programmable thermostats (a $300 value) for central air-conditioning systems

For Large Commercial and Industrial Customers

  • Partial funding for energy study
  • Rebates and performance-based incentives for high-efficiency equipment

More energy savings tips are available on Facebook at Power of Green, on Twitter@ConEdLiz and @Con EdSara and by downloading the company’s Power of Green iPhone app.

Customer Service on Web

Con Edison has expanded customer service on the Web at conEd.com/customercentral.  Using a smart phone, PDA or computer, you can report power problems and manage your account on line, including viewing billing and payment history, updating account information, paying bills, and obtaining information about special services. You can also call us at 1-800-75CONED.

Power problems include no lights, partial lights, and dim or flickering lights. When reporting an outage, customers should have their Con Edison account number available, if possible, and report whether their neighbors also have lost power.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $36 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 website at conEd.com.


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