ConEdison Solutions Acquires BGA, Inc., a Florida-Based Energy Services Company

ConEdison Solutions, one of Americas leading energy service providers, announced today that it has acquired BGA, Inc., an energy service and engineering company headquartered in Tampa, Florida.

Upon completion of this transaction, Con Edison Solutions increases its energy services operating footprint into the Southeast. BGAs Tampa office will join ConEdison Solutions existing offices in Massachusetts, New York, New Jersey, Virginia and Texas.

ConEdison Solutions already enjoys an outstanding reputation for expertise and innovation in the energy services marketplace, said Jorge J. Lopez, President and CEO of ConEdison Solutions. In BGA, we have acquired a company that is highly regarded throughout the Southeast for its engineering capabilities and long history of delivering value to its clients. The combination enhances our ability to help clients achieve their energy efficiency goals while laying the groundwork for additional market expansion.

BGAs staff of professional engineers, energy analysts, and designers develops and implements energy conservation measures for commercial, governmental, healthcare and institutional facilities. The company specializes in designing complex building systems and energy infrastructure, and also provides turnkey construction management services.

Founded as Bosek, Gibson & Associates in 1986, the firm has provided energy consulting services to clients in 35 states. The company has managed over $200 million in energy service projects. Under the leadership of president and co-founder Michael W. Gibson, the firm has delivered a wide variety of specialized engineering assignments and turnkey facility improvement projects.

We are excited to be part of ConEdison Solutions and the ConEdison family of companies, Michael Gibson stated. BGA possesses well-established energy services expertise and over two decades of knowledge of the Southeast energy services market. Combined with ConEdison Solutions resources, national presence, and financial strength, I believe our new organization will surpass even the high standards of performance that we and our clients have come to expect.

In 2000, BGA, Inc. was awarded a Shared Energy Services award for Central Florida from the United States Postal Service. Under the program, vendors receive a percentage or share of the dollar savings attributable to energy conservation projects in return for assuming full implementation costs. Six years later, under the same Shared Energy Services program, the USPS selected BGA to provide energy services to USPS centers throughout the Southeast. Under that same group of awards, the USPS designated ConEdison Solutions to serve facilities in New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands.

I have always believed that our energy services line of business is a strong and valuable complement to our retail commodity business, said Mr. Lopez. Together with the leadership and team at BGA, the additional scale and market reach that the ConEdison Solutions/BGA combination brings to our business enhances our capabilities to the benefit of our national customer base.

About ConEdison Solutions

ConEdison Solutions is a leading energy services company that provides competitive energy supply and cost-effective energy solutions for commercial, industrial, residential and government customers. Based in White Plains, New York, the firm also has offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Arlington, Virginia; Houston, Texas; and Tampa, Florida. 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 and is accredited as an Energy Service Provider (ESP) by the National Association of Energy Service Companies (NAESCO).

ConEdison Solutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE:ED), one of the nation's largest investor-owned energy holding companies. ConEdison Solutions presently serves customers in Connecticut, Delaware, Florida, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Texas, and the District of Columbia. More information is available at the ConEdison Solutions web site at www.conedsolutions.com. Visit the Consolidated Edison web site at www.conedison.com for information on all Consolidated Edison companies.

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