Press Release

NEW YORK, NY, Feb 16, 2012 (MARKETWIRE via COMTEX) --Consolidated Edison Company of New York, Inc. (CECONY) today declared the following quarterly dividends on its outstanding shares of preferred stock, payable May 1, 2012, to stockholders of record as of April 11, 2012:

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

CECONY 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 $39 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 CECONY's Web site at http://www.coned.com

Contact:
Robert McGee
212-460-4111

SOURCE: Con Edison Co. of NY, Inc.