NEW YORK, NY--(MARKET WIRE)--Jul 17, 2008 -- Consolidated Edison, Inc. (Con Edison) (ED - News) today declared a quarterly dividend of 58 1/2 cents a share on its common stock, payable September 15, 2008, to stockholders of record as of August 13, 2008.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $29 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,350 square mile area in southeastern New York state and adjacent sections of northern New Jersey and northeastern Pennsylvania; Consolidated Edison Solutions, Inc., a retail energy supply and services company; Consolidated Edison Energy, Inc., a wholesale energy supply company; and Consolidated Edison Development, Inc., a company that participates in infrastructure projects.

     Contact:
     Joseph Petta
     212-460-4111