Statement By Con Edison On Tentative Agreement With UWA Local 1-2

“Con Edison and the leadership of the Utility Workers of America Local 1-2 have reached a tentative agreement on a new contract for approximately 7,000 union employees. Since our talks began several weeks ago, both sides have engaged in thoughtful and productive discussions. We believe we have achieved an agreement that is fair and equitable for our employees and our customers. We look forward to ratification by the union’s membership.”

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 $59 billion in assets. The utility delivers electricity, natural gas and steam to 3.4 million customers in New York City and Westchester County, N.Y. For financial, operations and customer service information, visit www.conEd.com.