White Plains, NY, October 29, 2003 - ConEdison Solutions, one of the nation's leading energy service providers, will begin providing electric power to business and commercial customers throughout upstate New York on November 1.  This expands ConEdison Solutions' recent entry into the market to supply federal customers.

 

By tapping deregulated supplies provided by ConEdison Solutions, firms can reduce the volatility of their energy spending and may also reduce energy costs overall.  

 

"By exercising greater control over their energy budgets, businesses become more successful and more profitable," said JoAnn F. Ryan, president and CEO of ConEdison Solutions.  "It is our goal to provide the upstate New York economy with an additional competitive energy choice."
 

According to Ms. Ryan, ConEdison Solutions will offer retail electricity to commercial and industrial customers on a fixed-rate basis, and an indexed basis tied to market rates, or a combination of the two.

 

The company's new, 42,000-square-mile, upstate marketing area encompasses an 18,000-square-mile territory served by the New York State Electric & Gas Corporation in 42 counties, as well as a 24,000-square-mile area served by Niagara Mohawk in 37 counties.

 

ConEdison Solutions currently supplies attractively priced energy to customers in the southern portion of New York State, including New York City and Westchester, Rockland, and Orange Counties, and New Jersey.

 

The company also provides a range of energy management services to commercial, industrial, government and residential customers throughout the Northeast and Mid-Atlantic regions.  Some of its clients include the U.S. Postal Service, the U.S. Department of Energy, and many of New York City's most prominent commercial property management companies.

 

"Business customers are impressed by our company's reliability and financial stability," said Ms. Ryan.  "Companies know that energy deregulation will help their bottom line, and now they can turn to another reliable partner as their supplier." 

 

To support its market entry, ConEdison Solutions has entered into a services agreement with New York Energy Inc., a new marketing services entity operating out of Syracuse.  New York Energy will complement ConEdison Solutions' direct sales efforts by providing sales and marketing support to ConEdison Solutions through a network of marketing channels and through its own workforce of direct sales personnel.

 

Philip R. Van Horne, former head of Niagara Mohawk Power's energy marketing operations, serves as New York Energy president.  "We at New York Energy are excited about working with such a reputable and accomplished company as ConEdison Solutions."

 

ConEdison Solutions, is a leading energy services provider based in White Plains, NY, which offers commercial, industrial, governmental, and residential customers a range of energy procurement and management solutions to help them gain maximum advantage from today's competitive energy marketplace.  The company also supplies attractively priced electricity, including renewable "green power."  ConEdison Solutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED).

 

More information can be obtained by calling 1-888-210-8899 or visiting the ConEdison Solutions website at http://www.conedsolutions.com/.  You can also visit the Consolidated Edison, Inc. website at http://www.conedison.com/ for information on all of the Consolidated Edison companies.