CONTACT: Christine Nevin, ConEdison Solutions
CONTACT: Julia Winkler, The Marino Organization
CON EDISON SOLUTIONS APPLAUDS NEW INDUSTRY STANDARDS
White Plains, NY - September 20, 2006 - ConEdison Solutions, a leading provider of cost-effective energy solutions for commercial, industrial and government customers, today announced that it has assisted in creating, and adopted, a statement of principles for marketing retail energy to residential and small business customers in New York State.
By complying with these guidelines, developed together with a coalition of energy services companies (ESCO’s), ConEdison Solutions reiterates its commitment to provide fair disclosure in marketing energy to customers. While it is mandatory for ESCO’s to comply with the New York Uniform Business Practices, this statement of principles is voluntary and is specifically targeted at preempting many potential concerns customers participating in the deregulated energy market might have. The principles facilitate ongoing cooperation between the retail energy industry, regulators, and customers.
“In today’s highly competitve energy services market, it’s important for ConEdison Solutions to distinguish our company. One of the ways we can do that is by publicly affirming our continuing commitment to honesty and accuracy in every aspect of our business,” said Jorge J. Lopez, president and CEO of ConEdison Solutions. “Our embracing of these voluntary standards is particularly timely as the growth of utility referral programs, such as Con Edison’s Power Your Way and National Grid’s New Choices, expands the opportunity for residential consumers across New York State to participate in retail energy choice.”
The statement of principles details model conduct for ESCO’s to follow, most importantly that the companies will “protect Customers participating in the deregulated energy market.” Complying ESCO’s must ensure that information about their offerings is “designed to be understood by the customer” and use “reasonable efforts to provide accurate and timely information about services and products.” In addition, the principles outline guidelines for the training of marketing representatives, personal contact with customers and dispute resolution. The entire statement can be found on ConEdison Solutions’ website at http://www.conedsolutions.com/residential/NYStatementofPrinciples.htm.
About ConEdison Solutions
ConEdison Solutions is a leading energy services company that provides cost-effective energy solutions for commercial, industrial, residential, and government customers. Based in White Plains, New York, with offices in Burlington, Massachusetts, Cherry Hill, New Jersey, Arlington, Virginia and Houston, Texas, the company’s dedicated team of energy professionals delivers a broad range of commodity, consulting, demand-side management and performance contracting services. ConEdison Solutions creates customized programs and services tailored to help customers achieve their individual energy objectives.
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 by visiting the ConEdison Solutions web site at http://www.conedsolutions.com/. Visit the Consolidated Edison, Inc. website at http://www.conedison.com/ for information on all of the Consolidated Edison companies.
