NEW YORK, July 6 /PRNewswire-FirstCall/ -- Consolidated Edison Company of
New York, Inc. (Con Edison) has been named by FORTUNE Magazine as one of
"America's 50 Best Companies for Minorities." The utility placed 22nd on the
list, moving up seven notches from last year's ranking. Con Edison
consistently has been named to the FORTUNE list since the publication
instituted the national survey in 1998.
"Con Edison is proud to be included as one of America's 50 best companies
for minorities because this honor recognizes our continued progress in
diversifying our workforce. We're especially pleased to have moved up in the
rankings, which is a testament to the company's steady improvement in its
hiring and employment practices," said Claude Trahan, vice president of human
resources for Con Edison.
The company was cited for having 15 percent of its top-management
positions held by minorities, for having a board of directors that is
one-quarter minority, and for ensuring that one-half of it new hires are from
minority groups. In addition, the company administers a progressive diversity
training program for all employees, publishes an employee annual report and
manages Con Edison's minority vendor program, which has received accolades
from business leaders across the country.
FORTUNE magazine conducts the annual survey, which is sent to all FORTUNE
100 companies, plus the 200 largest privately held companies. Each company is
ranked based on 15 different categories that include leadership roles,
retention and the number of new hires from minority groups.
Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of
the nation's largest investor-owned energy companies, with $10 billion in
annual revenues and $21 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
SOURCE Consolidated Edison Company of New York, Inc.
/CONTACT: Joseph Petta of Con Edison, +1-212-460-4111/
/Web site: http://www.coned.com /