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Payment Agreement Con Edison

Con Edison offers level payment plans and other options to help customers manage their bills. For more information, click here: www.coned.com/customercentral/managemybill.asp As part of the level payment plan, Con Edison evaluates the customer`s energy consumption for a period of 12 months, and then spreads these costs over 12 months. After 12 months, the company will coordinate the estimates with the customer`s actual energy consumption. Con Edison estimates that a typical gas heating customer will have a bill of approximately 388 $US in February 2014, or 55 $US, or 16.5 per cent more than the February 2013 bill. Actual invoices may be higher depending on the customer`s usage. NEW YORK – Con Edison is reminding customers that they can spread their energy costs over 12 months to reduce the impact of gas and electricity prices that exploded in January due to extreme cold. Rising gas prices affect electricity rates for customers who receive their bills in late January and early February. Con Edison does not control the price of natural gas or electricity and makes no profit from either product. The company uses a wide variety of purchasing strategies to get the best possible price, and then provides energy to customers at cost. With Con Edison Green Team, private customers can save up to $1,000 and reduce heating costs by up to 30%. Discounts encourage customers to do simple things like replacing older appliances with efficient technology and leaking waterproofing in their heating systems. Energy tips and information about our Green Team programs can be found at www.coned.com/greenteam or call 1-877-870-6118. For a Westchester customer who consumes 450 kilowatt hours, this bill is about $151 at the end of January, an increase of 27 $US, or 21.8 per cent over the previous year.

The company also invites customers to take simple energy-saving steps to reduce their bills while remaining comfortable. The cost of natural gas increased in January as the region experienced colder weather than expected. High gas prices are also driving up electricity costs, with gas being the fuel used to generate most of New York`s electricity. Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the country`s largest energy companies, with annual sales of approximately $12 billion and a fortune of $42 billion. The supply company offers more than 3 million customers in New York County and Westchester County, New York, New York, A power, gas and steam service. For more information, visit www.conEd.com, our green site, www.coned.com/waystosave or Facebook at Con Edison. A typical Private New York customer, who receives an electricity bill for 300 kilowatt hours of consumption this week, pays about 118 $US, an increase of 21 $US, or 21.6 percent over the same period of the previous year. Con Edison expects that invoices sent in early February will include similar increases.

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