June 2, 2004 -- Consolidated Edison Company of New York, Inc. announced that today it will call for redemption on July 2, 2004 all of its outstanding 7.35% Public Income NotES, (7.35% Debentures, Series 1999 A) (NYSE: EPI) at a redemption price of 100% of the principal amount thereof, together with interest accrued on the Debentures on July 1, 2004. The regular quarterly interest payment due July 1, 2004 will be paid to holders of record of the Debentures at the close of business on June 15, 2004.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Consolidated Edison Co. of New York Inc., 7.35% Public Income NotES (7.35% Debentures, Series 1999 A) PINES, issued in $25 denominations, redeemable at the issuer's option on or after 7/01/2004 at $25 per share plus accrued and unpaid interest, maturing 7/01/2039, distributions of 7.35% ($1.8375) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the 15th day of the month prior to the payment date. The PINES are general unsecured, unsubordinated obligations of the Company and will rank equally with all other unsecured and unsubordinated indebtedness of the Company. The units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. See the IPO prospectus for further information on the PINES by clicking on the ‘Link to IPO Prospectus’ provided below. Consolidated Edison Co. of New York Inc. is a wholly-owned subsidary of Consolidated Edison Inc. (NYSE: ED).

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.35% $1.8375	$25.00 $25.00	Called for 7/02/2004 7/01/2039	A1 A 10/31/2003	1/1, 4/1, 7/1 & 10/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.conedison.com/
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Email Address	childressj@conedison.com
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Address and Phone Numbers

Address:   4 Irving Place, New York, NY 10003
Main Phone Number	212-460-4600
Fax Number	212-475-0734
Investor Relations   Jan Childress	212-460-6611
Toll Free Phone Number	800-752-6633

CEO - Kevin Burke

CFO - Robert N. Hoglund