CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 23rd
day of March 1999.



                                          E Virgil Conway
                                          E. Virgil Conway

<PAGE>

                           CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 28th
day of March 1999.



                                          Gordon J. Davis
                                          Gordon J. Davis

<PAGE>

                           CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 26th
day of March 1999.



                                          Ruth M. Davis
                                          Ruth M. Davis


<PAGE>



                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 23rd
day of March 1999.



                                          Joan S. Freilich
                                          Joan S. Freilich


<PAGE>


                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 23rd
day of March 1999.



                                          Ellen V. Futter
                                          Ellen V. Futter


<PAGE>


                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 23rd
day of March 1999.



                                          Sally Hernandez-Pinero
                                          Sally Hernandez-Pinero


<PAGE>


                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 23rd
day of March 1999.



                                          Peter W. Likins
                                          Peter W. Likins


<PAGE>


                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 23rd
day of March 1999.



                                          Eugene R. McGrath
                                          Eugene R. McGrath


<PAGE>


                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 23rd
day of March 1999.



                                          Robert G. Schwartz
                                          Robert G. Schwartz

<PAGE>


                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 27th
day of March 1999.



                                          Richard A. Voell
                                          Richard A. Voell

<PAGE>


                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

      IN WITNESS WHEREOF, the undersigned has executed this instrument this 19th
day of March 1999.



                                          Stephen R. Volk
                                          Stephen R. Volk

<PAGE>



                            CONSOLIDATED EDISON, INC.

                    CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

                                POWER OF ATTORNEY


      WHEREAS  Consolidated Edison, Inc. ("CEI") and Consolidated Edison Company
of New York,  Inc.  ("Con  Edison") each intends to file with the Securities and
Exchange Commission,  under the Securities Exchange Act of 1934, as amended (the
"Act"),  its Annual  Report on Form 10-K for the fiscal year ended  December 31,
1998, with any and all exhibits and other documents having relation thereto,  as
prescribed by the Securities and Exchange Commission pursuant to the Act and the
rules and  regulations  of the Securities  and Exchange  Commission  promulgated
thereunder ("Form 10-K").

      NOW, THEREFORE,

      KNOW ALL PERSONS BY THESE  PRESENTS  that the  undersigned,  in his or her
capacity  as a  Director  or  officer,  or  both,  of CEI  (the  "CEI  Delegated
Capacity") and/or a Trustee or officer,  or both, of Con Edison (the "Con Edison
Delegated  Capacity"),  as the case may be, does hereby  constitute  and appoint
Eugene R. McGrath,  Joan S. Freilich,  Hyman  Schoenblum and Peter A. Irwin, and
each of them severally, his or her true and lawful attorneys-in-fact, with power
to act with or  without  the  others  and with full  power of  substitution  and
resubstitution,  to  execute  in his or her name,  place and  stead,  in the CEI
Delegated Capacity the CEI Form 10-K and/or in the Con Edison Delegated Capacity
the Con  Edison  Form  10-K,  as the  case  may be,  and any and all  amendments
thereto,  and all instruments  necessary or incidental in connection  therewith,
and to file or cause  to be filed  the same  with the  Securities  and  Exchange
Commission. Each of said attorneys shall have full power and authority to do and
perform,  in the  name  and  on  behalf  of the  undersigned,  in  any  and  all
capacities,  every  act  whatsoever  necessary  or  desirable  to be done in the
premises, as fully to all intents and purposes as the undersigned might or could
do in person,  the  undersigned  hereby  ratifying and  confirming all that said
attorneys-in-fact or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

     IN WITNESS WHEREOF, the undersigned has executed this instrument this 29th
day of March 1999.



                                         Hyman Schoenblum
                                         Hyman Schoenblum