Press Release

Con Edison partners with Stevens under Sloan grant in unique online training

"Analytic Capabilities for Business Improvement" tailored to Con Ed employees

HOBOKEN , N.J. - Spearheaded by a grant from the Alfred P. Sloan Foundation, the leading philanthropic supporter of online education, Consolidated Edison Company of New York - the source of power and light for more than three million New Yorkers - is partnering with the New Jersey-based university, Stevens Institute of Technology, to launch the first in a series of unique online training courses delivered to employees of the giant New York power company.

Stevens' renowned management faculty is collaborating with Con Edison executives to introduce an online training course tailored to match the company's business improvement plans. The custom course, "Analytic Capabilities for Business Improvement," offers Con Edison employees structured methods for decision making and business improvement processes.

"Online training is becoming a widely used and effective learning tool for our employees," said Randolph S. Price, vice president of Environment, Health and Safety at Con Edison. "We're very pleased to join with Stevens and the Sloan Foundation on this new initiative. Many Con Edison employees will benefit from the rich and innovative training these courses provide."

While the Sloan Foundation has awarded more than $55 million to universities over more than a dozen years to support online learning in academic settings, this Sloan grant is among the first given to a university to test the benefits of instructor-led, collaborative e-learning in industry. In the last several years, Sloan had awarded Stevens nearly $400,000 for online learning. By this fall, WebCampus will have enrolled more than 10,000 students in its online learning programs.

WebCampus, Stevens' award-winning online unit, launched the instructor-led, e-learning course to a pilot group of twenty Con Edison executives in February. Divided into six modules and delivered over a six-week period, the course is offered to senior ConEd employees who enter several virtual teams, conduct online discussions, and perform tailored course exercises. In late April, they will participate in team projects closely related to the company's current critical needs.

The collaboration between Stevens and Con Edison highlights the value of corporate-university alliances by integrating the company's practical, day-to-day operations with management theory and practice taught by Stevens industry-savvy faculty.

About Consolidated Edison

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $25 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County , New York . For additional financial, operations and customer service information, visit Con Edison's Web site at www.coned.com.

About The Alfred P. Sloan Foundation

The Alfred P. Sloan Foundation, a philanthropic nonprofit institution, was established in 1934 by Alfred P. Sloan, then President and Chief Executive Officer of the General Motors Corporation. Among its numerous programs is one devoted to encouraging the development and expansion of online learning at the nation's colleges and universities. Over the last 13 years, it has granted approximately $55 million to support instructor-led, online education. Today, nearly three million students are enrolled in online learning courses in the US . For details, visit http://www.sloan.org/main.shtml

About WebCampus.Stevens

WebCampus.Stevens is the online unit of Stevens Institute of Technology. Launched six years ago, it among the most prominent online graduate programs in the country, honored by two distinguished awards-the Sloan prize for the "best online university" in the nation and United States Distance Learning Association 21st Century Best Practices Award. By this fall, WebCampus will enroll its 10,000th student. Drawn from 44 states and 42 countries around the globe, the program offers more than 130 online courses, delivered by more than 100 Stevens faculty. For a list of online programs, see www.webcampus.stevens.edu.

About Stevens Institute of Technology

Established in 1870, Stevens offers baccalaureate, masters and doctoral degrees in engineering, science, computer science, management and technology management, as well as a baccalaureate in the humanities and liberal arts, and in business and technology. The university has enrollments of approximately 1,800 undergraduates and 2,700 graduate students. Additional information may be obtained from its web page at www.stevens.edu.

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