Con Edison Wins Award for Outstanding System-Wide Reliability

New York Utility Also Receives ReliabilityOne™ Award for Northeast Region -- Con Edison has been named winner of the 2014 Outstanding System Reliability Award by PA Consulting Group. The award recognizes the PA Consulting Group ReliabilityOne™ regional award recipient that demonstrated superior annual system-wide reliability performance for its customers. Con Edison was also named best in the Northeast Region.

"Our top priority is meeting the energy requirements of New Yorkers safely and reliably,” said Robert Schimmenti, Con Edison senior vice president, Electric Operations. "Earning national recognition is a tribute to the Con Edison women and men who deliver electricity to the world’s greatest city, as well as to nearby Westchester County. This honor is a testament to their efforts, and I’m proud to accept this award on their behalf."

Con Edison is in the middle of its four-year $1billion storm hardening program in the wake of 2012’s Superstorm Sandy. Some of the investments already have paid dividends, including the installation of 3,000 devices that isolate and clear temporary faults on overhead electric systems, and more than 150 “smart switches” that minimize outages caused by fallen trees. Over a mile of flood walls and 260 pieces of submersible equipment also have been installed.

All utilities operating electric delivery networks in North America are eligible for consideration for the ReliabilityOne™ Award. There are a total of five regional awards including Northeast, Mid-Atlantic, Midwest, Plains, and West. After provisional recipients are selected, each company undergoes an on-site certification process, which provides an independent review and confirmation of the policies, processes and systems used to collect, analyze and report a company's reliability results.

“Utilities are on the doorstep of a technological leap that will set new expectations for how companies handle reliability, and really, all aspects of their business," said Jeff Lewis, PA's ReliabilityOne™ program director. “Con Edison has shown a commitment to reliability that will serve as a cornerstone for its customers as new advances are adopted to further improve response and restoration time.”

About Con Edison

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $12 billion in annual revenues and $41 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit us on the web at www.conEd.com, at our green site, www.coned.com/energyefficiency,
and on Twitter and Facebook.

About PA Consulting Group

PA Consulting Group is an employee-owned firm of over 2,500 people, operating globally from offices across North America, Europe, the Nordics, the Gulf and Asia Pacific. PA has experts in energy, financial services, life sciences and healthcare, manufacturing, government and public services, defense and security, telecommunications, transport and logistics. PA’s deep industry knowledge, together with skills in management consulting, technology and innovation, allows them to challenge conventional thinking and deliver exceptional results with lasting impact. PA has partnered with energy clients for over 25 years to help them understand the challenges they face and define and implement an effective strategic response. PA’s ReliabilityOne™ awards are presented to electric utilities providing their customers with the highest levels of reliability in the industry. PA’s ReliabilityOne™ study is based on standard industry reliability statistics that measure the frequency and duration of electric power outages and has been analyzing electric utility performance since 1987. For more information about PA Consulting Group, visit www.paconsulting.com/energy.