Company Cited for Corporate ExcellenceNEW YORK, NY, Apr 16, 2008 (MARKET WIRE via COMTEX News Network) -- Con Edison (NYSE: ED) has been named in Audit Integrity's Top 100
report, which recognizes companies that show superior corporate
The Top 100 report only includes firms that have consistently high
Accounting and Governance Risk (AGR) ratings. They are based on
accounting practices and a management team with the potential to
foresee and plan for difficult times.
"Con Edison believes that communication is much more than just
providing information. It's about listening to others, questioning and
clarifying what we hear and respectfully challenging each other when
we disagree or can offer an alternate view or solution. It
acknowledges a commitment to a spirit of openness and trust
demonstrated by sharing information freely," said James P. O'Brien,
vice president and general auditor for Con Edison.
The Audit Integrity Top 100 is reserved for companies demonstrating a
sound financial footing and exemplary conservative governance.
Con Edison maintains all company books and records in complete
transparency. The company also ensures that all records accurately,
completely, and appropriately reflect transactions and events.
Audit Integrity (www.auditintegrity.com) is the leading provider of
accounting and governance risk analysis on public companies. Through
the forensic study of the factors behind fraud, Audit Integrity
proprietary modeling effectively detects and measures fraud and
transparency-related risks in over 8,500 publicly traded corporations.
Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED),
one of the nation's largest investor-owned energy companies, with
approximately $13 billion in annual revenues and $28 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.
SOURCE: Con Edison Co. of NY, Inc.