CONSOLIDATED EDISON INC
			Symbol			ED

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Con Edison to Receive Additional $45 Million in Smart Grid Stimulus Funding

2009-11-24 17:47 ET - News Release

NEW YORK, NY -- (MARKET WIRE) -- 11/24/09

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) will receive an additional $45 million in smart grid stimulus funds from the U.S. Department of Energy (DOE), it was announced today.

This federal stimulus money will help fund a smart grid program that will enable Con Edison to identify, develop, and test new technologies within the electric delivery system that will help build a smarter, more efficient grid. Some projects in the award include distribution monitoring devices, electric vehicle charging stations, renewable energy generation, energy storage, consumer systems, and a command and control network.

Today's DOE smart grid demonstration program award is in addition to the $136 million announced in October -- which Con Edison will use to deploy and integrate smart grid technology on the electric system.

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