"Con Edison expects to spend approximately $5 billion over the next three years on its electric delivery system.."

Press Release Source: Con Edison Co. of NY, Inc.

Con Edison Proposes New Energy Efficiency Programs for a Cleaner, Greener New York
Tuesday April 15, 3:17 pm ET


NEW YORK, NY--(MARKET WIRE)--Apr 15, 2008 -- Consolidated Edison Company of New York, Inc. (Con Edison) has filed a plan with the New York State Public Service Commission (NYSPSC) asking that a package of new energy efficiency programs be approved for implementation this summer.

"Con Edison's proposals represent a major part of the company's overall effort to achieve at least 500 megawatts (MW) of demand reduction by 2015," said Rebecca Craft, Con Edison's Director of Energy Efficiency Programs. "Reaching that goal would offset the need to power the equivalent of 500,000 homes. It coincides with the state's desire to realize a 15 percent reduction in electric consumption growth, significantly reducing carbon emissions over the same period."

The 11 residential and commercial programs proposed in the filing are designed to achieve 378 MW of demand reduction and reduce energy use overall by 4.4 billion kilowatt hours (KWh). The resultant 2.3 million tons of CO2 reduction is the equivalent of taking 380,000 vehicles off the road, or growing 53,000 tree seedlings for 10 years.

Total estimated cost of the programs is $306 million through 2015, varying from approximately $10 million this year to $75 million in 2015. The funding would be drawn from funds already designated for energy efficiency programs in the most recent rate plan approved by commission effective April 1.

Con Edison estimates an annual anticipated savings of 86 MW of demand, 1.1 billion kilowatt hours (kWh), and 27.7 million therms through four residential energy efficiency programs:


An Appliance Dealer Incentive program
A Residential Lighting program
A Residential Space Heating and Cooling program
A Home Energy Efficiency Kit
The company also estimates an annual anticipated savings of 292 MW and 3.3 billion kWh through implementation of seven commercial energy efficiency programs:


An Office Building program, focusing on larger office buildings
A Buyback program
An Education and Healthcare program, focusing on schools and hospitals
A Hospitality and Entertainment program
A Data Centers program
A Freezer-Case LED Lighting program
A Multi Family Building program
These programs (see details on fact sheet attached) were developed to build on the company's unique customer relationships, have a sector-by-sector approach specifically geared to its service area, and are designed to reduce both peak demand and energy consumption. If approved, Con Edison will incorporate the peak demand reductions into system planning so that that it can defer building certain new infrastructure.

A portion of the proposed programs, over 130MWs, is for the continuation of the company's Targeted DSM program designed to defer capital projects for infrastructure upgrades and expansion. Permanent energy efficiency projects installed in specific neighborhoods can defer the installation of cable, transformers, and other equipment.

In the past several years, Con Edison has contracted for over 190 MW of demand reduction through its targeted programs that began in 2004. Measures to achieve these reductions will be implemented through 2012.

Con Edison has the largest underground electrical system in North America with 94,000 miles of underground cables, enough to wrap the earth 3.6 times. The company also maintains 36,000 miles of overhead cables.

Con Edison expects to spend approximately $5 billion over the next three years on its electric delivery system to maintain reliability and support the significant economic growth projected for its New York City and Westchester County service area. EnergyNY, the company's recently announced plan to meet the future energy needs of its customers through infrastructure upgrades and energy efficiency programs, can be viewed at http://www.conEd.com/energyny.

Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE:ED - News), one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $28 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 Con Edison's Web site at www.coned.com.