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Friday, April 17, 2009

Con Edison (ED) Approves $0.59 Quartely Dividend Yielding 6.11%

Consolidated Edison, Inc. (NYSE:ED) today declared a quarterly dividend of 59 cents a share on its common stock, payable June 15, 2009, to stockholders of record as of May 13, 2009.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with approximately $14 billion in annual revenues and $33 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.

I own shares of ED.

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