Con Edison Communications signs agreement with real estate developer for fiber optic broadband connectivity

Oct. 11, 2001--Con Edison Communications, Inc. a provider of fiber optic network services in metropolitan New York, has signed an agreement with Rudin Management Company, a privately held real estate developer and building owner.

Con Edison Communications, Inc. a provider of fiber optic network services in metropolitan New York, has signed an agreement with Rudin Management Company, a privately held real estate developer and building owner, that will enable Con Edison Communications to provide "last mile" fiber optic connectivity to multi-tenanted commercial properties owned or managed by Rudin.

A wholly owned subsidiary of Consolidated Edison, Inc. (NYSE:ED), Con Edison Communications' (CEC) fiber optic network will connect telecommunications and Internet service providers to commercial properties throughout the five boroughs and Westchester.

The Rudin organization has developed, and now owns and manages 22 residential buildings comprising 3,500 dwelling units, and approximately 10 million square feet of office space in 18 commercial buildings.

About Con Edison Communications, Inc.:

Con Edison Communications, Inc. (CEC) is a wholly owned subsidiary of Consolidated Edison, Inc. CEC, a carrier's carrier, offers products and services designed to enhance the performance of its customers' networks. For more information, visit www.electricfiber.com or www.conedison.com.

About Rudin Management Company:

The Rudin organization is a privately held real estate entity in the City of New York. For more information, visit www.55broad.com/rudinman.

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