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Con Edison Forms Holding Company

Issue 1 and Volume 102.

Con Edison Forms Holding Company

Con Edison`s shareholders approved the formation of a holding company, Consolidated Edison Inc. at a recent special stockholders meeting. “The holding company structure will provide the financial and regulatory flexibility that Con Edison will need to succeed in the newly competitive energy business,” said Eugene R. McGrath, Con Edison chairman, president and CEO. The holding company was created on Jan. 1, 1998 and initially contains four subsidiaries: Consolidated Edison Company of New York Inc., Consolidated Edison Solutions Inc., Consolidated Edison Development Inc. and Consolidated Edison Energy Inc. p