For more than 180 years, Consolidated Edison, Inc. has served the worlds most dynamic and demanding marketplace – metropolitan New York.

Con Edisons principal business segments areConsolidated Edison Company of New Yorksregulated electric, gas and steam utility activities,Orange & Rockland Utilities (O&R)regulated electric and gas utility activities, and Con Edisons competitive energy businesses.

Con Edison of New York provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County. The company also provides steam service in parts of Manhattan. O&R provides electric service to 301,000 customers in southeastern New York and adjacent areas of northern New Jersey and gas service to 130,000 customers in southeastern New York.

Con Edisons competitive energy businesses participate in segments of the electricity industry that are less comprehensively regulated than our regulated businesses. These segments include the operation of electric generation facilities, trading of electricity and fuel, sales of electricity to wholesale and retail customers, and sales of certain energy-related goods and services.

Con Edison Transmissioninvests in electric and gas transmission projects. These investments help to expand and diversify Con Edisons energy portfolio, while providing greater access to energy supplies and more competitive pricing for customers.

Con Edison Solutionssells electricity directly to delivery-service customers of utilities primarily in the Northeast and Mid-Atlantic regions and also offers energy-related services. CES also develops, constructs, owns and operates customer sited renewable energy projects.

Con Edison Developmentdevelops, constructs, owns and operates grid connected renewable energy infrastructure projects throughout the continental US. At the end of 2014, Con Edison Development had 446 MW of solar and wind projects in operation. Con Edison is the 6th largest owner and operator of solar PV in North America.

Con Edison Energyprocures electric energy, fuel and capacity for Con Edison Solutions. It also sells energy and procures fuel for assets owned by, or leased from others.

As a result of our performance, we have been able to increase our dividend each of the past 42 years. Few companies can match that achievement. We remain committed to providing our shareholders a superior, low-risk, long-term total return.