White Plains, NY – Aug. 1, 2008: ConEdison Solutions, an energy service provider, has been awarded a contract through competitive bidding to provide energy services for the New York Power Authority (NYPA), the nation’s largest state-owned power organization.

NYPA, which provides low-cost electricity to New York customers that include government agencies, community-owned electric systems, private utilities for resale, and job-producing companies, launched a competitive selection process in December to identify energy service providers to undertake major energy efficiency initiatives. The Power Authority is a national leader in promoting energy efficiency, new energy technologies and electric transportation initiatives, and has invested more than $1 billion in such projects at almost 2,700 public facilities since the late 1980s.

“We are proud to win designation as an approved provider of energy services here in our home state of New York,” said Jorge J. Lopez, President and CEO of ConEdison Solutions. “We look forward to working in cooperation with the New York Power Authority to help maximize energy efficiency for a wide range of institutions and facilities in the Empire State.”

Under the contract, ConEdison Solutions will provide energy efficiency upgrades, including the implementation of lighting, motors and controls projects in selected facilities in southeast New York, which includes the five boroughs of New York City and Westchester County. Services will include conducting feasibility studies, evaluating existing and proposed systems, developing designs, purchasing equipment, installation, supervision of installation and commissioning of equipment.

The announcement follows a period of rapid growth for ConEdison Solutions. The firm acquired BGA, Inc., a Tampa, Florida-based energy services and engineering firm, in May 2007. In September 2007, ConEdison Solutions was selected by the country’s largest owner of retail real estate, Simon Property Group, to expand its energy efficiency program at properties across the nation. On May 1, 2008, ConEdison Solutions announced the acquisition of Custom Energy Services, LLC, an energy services provider based in Overland Park, Kansas. In addition to energy efficiency services, ConEdison Solutions also provides retail electricity supply in 11 states and the District of Columbia.

About ConEdison Solutions

ConEdison Solutions is a leading energy services company that provides competitive power supply, renewable energy, sustainability services, and cost-effective energy solutions for commercial, industrial, residential, and government customers. The company is based in White Plains, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Arlington, Virginia; Houston, Texas; Tampa, Florida; Durham, North Carolina and Overland Park, Kansas. The firm’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 calling 1-888-210-8899 or visiting the ConEdison Solutions web site at www.conedsolutions.com. You can also visit the Consolidated Edison, Inc. web site at www.conedison.com for information on all of the Consolidated Edison companies.

Raleigh, NC – ABB, a power and automation technology company, announced on Aug. 1 that Michael Barnoski (see photo at left), senior vice president and head of ABB’s Power Systems division in North America, is retiring after nearly 30 years of service to ABB. ABB has named Martin Gross to replace Barnoski as Region Division Manager and head of Power Systems, effective Aug. 1.

“Since joining ABB in 1978, Mike has made many valuable contributions to ABB and the power industry in a variety of engineering, project and service management roles, and we sincerely thank him for all of his effort and accomplishments in the Power Systems division,” said Enrique Santacana, president and CEO of ABB North America. “Under Mike’s leadership, Power Systems in North America has experienced a return to profitability, established rigorous risk and project management processes, improved margins and developed an excellent work culture.”

Barnoski, whose retirement is effective Aug.15, has held various management positions with ABB and its predecessor companies including Combustion Engineering. He was president of the ABB Nuclear Power Business and helped successfully integrate ABB Nuclear Power into Westinghouse, where he served as senior vice president of customer relations and sales. He was previously Alstom Power’s U.S. country president and CEO.

“It has been a privilege to serve with ABB and its predecessor organizations all of these years and watch as the company helped pioneer the technology, products and systems that support the electric power industry toward greater energy efficiency, grid reliability and grid-wide intelligence for the 21st century,” said Barnoski. “I have enjoyed the corporate culture we’ve created in recent years that has made ABB a model company not only in terms of efficiency, profitability and technology leadership, but in making ABB a great place to work and grow for our many talented employees.”

ABB’s Power Systems division is one of five major divisions within ABB, along with Power Products, Automation Products, Process Automation and Robotics. Power Systems consists of four local business units – Grid Systems, Substations/Substation Automation, Power Generation and Network Management. Power Systems N.A. recent accomplishments include the largest SVC in the world for Allegheny Power and market systems for ERCOT and Ireland.

Martin Gross Named New Head of Power Systems North America

Martin Gross will assume the role of Region Division Manager and Head of Power Systems in North America, effective August 1, 2008. Gross’s most recent position has been as president and CEO of ABB Lummus, ABB’s upstream oil and gas business. Gross began his career with ABB in 1986. Between 1998 and 2005, he served as ABB’s Global Business Unit manager and BU Power Generation. He has lived and worked in Germany, Poland, Switzerland and the United States.

About ABB Raleigh

Raleigh, North Carolina is the North American headquarters for not only the Power Systems division, but also for Power Products. Greg Scheu recently took over as Head of Power Products in Raleigh after helping to build up ABB North America’s Automation Products division. The company employs about 450 people in the Triangle, both at its Centennial Campus facilities on the North Carolina State University campus, and its Shared Accounting Services (SAS) and Human Resources headquarters in nearby Cary.

About ABB

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 115,000 people. The company’s North American operations, headquartered in Norwalk, Connecticut, employ about 12,000 people in 20 manufacturing and other major facilities.

For more information, please contact:

ABB Media Relations

Bill Rose

Tel: 919.807.5743

Cell: 919.244.4879

E-mail: bill.rose@us.abb.com