SOURCE: Consolidated Edison Company of New York, Inc.

March 20, 2007 17:43 ET

Con Edison of New York Declares Preferred Stock Dividends

NEW YORK, NY -- (MARKET WIRE) -- March 20, 2007 -- Consolidated Edison Company of New York, Inc. (NYSE: ED) (Con Edison of New York) declared the following quarterly dividends on its outstanding preferred stock, payable May 1, 2007, to stockholders of record as of April 11, 2007:

Preferred Stock                                 Dividend Per Share
---------------                                 ------------------
$5 Cumulative Preferred Stock                   $1.25
Cumulative Preferred Stock, 4.65% Series C      $1.1625
Cumulative Preferred Stock, 4.65% Series D      $1.1625
Con Edison of New York 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 $27 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 of New York's Web site at http://www.coned.com.

Contact Information

  • Contact:
    Joseph Petta
    212-460-4111

    Media Relations:
    Consolidated Edison Company
    of New York, Inc.
    4 Irving Place
    New York NY 10003
    www.conEd.com