Cambridge Energy Alliance Selects ConEdison Solutions for Its New Energy Services Team

Business Wire, Jan 24, 2008

New program will assist Cambridge, MA-based businesses, residents and institutions to implement unprecedented energy efficiency improvements

WHITE PLAINS, N.Y. -- ConEdison Solutions, one of America's leading energy service providers, was selected to join the Cambridge Energy Alliance's (CEA) Energy Services Team.

The program, which will assist businesses, residents, and major institutions in Cambridge, Massachusetts identify energy efficiency opportunities, finance their efficiency projects, and find qualified contractors to carry out the work, is expected to begin early this year. The efficiency investments will be repaid from the energy and water savings achieved.

"ConEdison Solutions is proud to partner with the Cambridge Energy Alliance to implement this ambitious program that will design, install, and finance energy efficiency and water conservation measures throughout Cambridge," said Jorge Lopez, President and CEO of ConEdison Solutions. "ConEdison Solutions is known for developing energy conservation projects that save our clients energy and also reduce their impact on the environment. We look forward to implementing our ideas and engineered solutions to make large businesses in Cambridge more efficient while significantly reducing their energy costs."

The team includes a coalition of pre-qualified Energy Service Companies (ESCOs) that will be the primary direct marketers and providers of services that will save electricity, natural gas, heating oil, and water for the residential, commercial, institutional, and industrial consumers in Cambridge who participate in the CEA program.

As part of the team, ConEdison Solutions will work with the city's largest energy users to identify electric, gas, oil, and water efficiency measures, supervise the installation of measures, and assure that the expected savings materialize.

Renewable measures, including solar hot water, photovoltaics, small wind turbines, and combined heat and power applications, will also be a focus of the ESCOs in collaboration with CEA and participating customers.

The ESCO selection process began in the summer 2007. The winning ESCOs were selected based on the depth of their technical abilities, a proven track record in delivering excellent quality and value to customers, a significant local presence and experience, and the capability to deliver the full range of CEA program features.

Currently, the Cambridge Energy Alliance and the Energy Services Team are working to finalize the program's features, capabilities and plans for the initial implementation phase, which is expected to commence in early 2008. The Cambridge Energy Alliance is a non-profit organization initiated by City of Cambridge officials in March 2007. More information is also available at www.CambridgeEnergyAlliance.org

ConEdison Solutions

ConEdison Solutions is a leading energy services company that provides cost-effective energy solutions for commercial, industrial, residential and government customers. Based in White Plains, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Arlington, Virginia; Houston, Texas and Tampa, Florida, the company's dedicated team of energy professionals delivers a broad range of commodity, consulting, demand-side management, and performance contracting services. ConEdison Solutions offers programs and services designed to help customers achieve their individual energy objectives and is accredited as an Energy Services Provider (ESP) by the National Association of Energy Service Companies (NAESCO).

ConEdison Solutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED). More information can be obtained by visiting the ConEdison Solutions web site at http://www.conedsolutions.com/. Visit the Consolidated Edison, Inc. web site at http://www.conedison.com/ for information on all Consolidated Edison companies.