ConEdison Solutions Selected to Deliver Energy Efficiency Services to United States Postal Service

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--ConEdison Solutions (CES), a leading energy services company, has been awarded an energy efficiency contract from the United States Postal Service (USPS). The contract calls for CES to implement energy efficiency improvements at more than 1,400 postal facilities in New York, New Jersey, and the Caribbean.

“The United States Postal Service has set a national standard for developing an environmentally friendly, energy-efficient workplace”

The award, one of six such contracts under the postal service's Shared Energy Savings (SES) program, is part of a nationwide initiative designed to save $11 million a year in energy costs over ten years, for a total savings of $110 million. The six contracts have an estimated value of $1.3 billion. Participating companies will receive a percentage of the dollar savings attributable to the projects in return for assuming implementation costs.

The US Postal Service, a charter client of ConEdison Solutions, has been a customer of the company since 1997. As of the end of 2004, the USPS had saved more than $5 million each year in energy costs through participation in CES programs. As a result of these efforts, CES was awarded the 2004 USPS Quality Supplier Award.

“The United States Postal Service has set a national standard for developing an environmentally friendly, energy-efficient workplace,” said Jorge J. Lopez, president and chief executive officer of ConEdison Solutions. “This new contract allows for implementation of additional, cutting-edge technologies in postal facilities, which will improve working conditions and reduce environmental impact."

"ConEdison Solutions has a strong, long-term partnership with the USPS," Mr. Lopez said. "We look forward to collaborating with them on this new landmark initiative.”

Under the program, CES will identify and install energy conservation measures, including such renewable energy sources as solar, wind power and geothermal heat pumps. Other system improvements could include such things as combined heat and power systems, HVAC equipment and building controls as well as lighting retrofits.

ConEdison Solutions has a long and successful history with the Postal Service. The energy services provider partnered with the USPS New York Metropolitan Area District in 1997 to improve energy efficiency at its facilities. As a result, a wide range of cost-saving energy upgrades is now in place at hundreds of facilities representing millions of square feet of space.

Energy expenditures comprise a significant portion of the annual Postal Service expense budget. In FY 2005, energy costs were approximately $550 million, not including costs for heating and transportation fuels. Since 1775, the USPS, an independent federal agency that visits more than 144 million homes and businesses every day, receives no taxpayer dollars for routine operations, but derives its operating revenues solely from the sale of postage, products, and services.

ConEdison Solutions is a leading energy services company that provides cost-effective energy solutions for commercial, industrial, residential, and government customers. Based in White Plains, New York, with offices in Burlington, Massachusetts, Cherry Hill, New Jersey, Arlington, Virginia, and Houston, Texas, the company's dedicated team of energy professionals delivers a broad range of commodity, consulting, demand-side management and performance contracting services. ConEdison Solutions creates customized programs and services tailored to help customers achieve their individual energy objectives.

ConEdison Solutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED). More information is available at www.conedsolutions.com. You can also visit the Consolidated Edison, Inc. website at www.conedison.com for information on all of the Consolidated Edison companies.