Con Edison
Con Edison Reports 2017 First Quarter Earnings

May 9, 2017

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) reported first quarter net income of $388 million or $1.27 a share compared with $310 million or $1.05 a share in 2016. Adjusted earnings, which exclude the net mark-to-market effects of Con Edison Clean Energy Businesses, Inc.'s subsidiaries (the Clean Energy Businesses), were $386 million or $1.27 a share in 2017 compared with $348 million or $1.18 a share in 2016.

"Safety, operational excellence and enhancing the customer experience continue to be our prime focus," said John McAvoy, chairman and CEO of Con Edison. "We are connecting customers to renewables and energy efficiency programs that help them protect the environment and save money. As we begin our roll-out of smart meters this year, customers will have even more information to help them control their energy use. Our strategy led to a solid first quarter, with earnings in line with our expectations."

The following table is a reconciliation of Con Edison's reported earnings per share to adjusted earnings per share and reported net income to adjusted earnings for the three months ended March 31, 2017 and 2016.

Click here to read the full press release.

For more information:

Con Edison

P.O. Box 138
New York, New York
United States, 10276-0138

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