Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Tai Luther
2. Date of Event Requiring Statement (Month/Day/Year)
07/19/2007
3. Issuer Name and Ticker or Trading Symbol
CONSOLIDATED EDISON INC [ED]
(Last)
(First)
(Middle)
CONSOLIDATED EDISON, INC., 4 IRVING PLACE, ROOM 1618-S
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10009
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 6,447.98
D
 
Common Stock 234.69
I
By Thrift Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
EIP Stock 01/01/2008 01/02/2008 Common Stock 1,073.29 $ (1) D  
EIP Stock 01/01/2009 01/02/2009 Common Stock 1,109.31 $ (1) D  
EIP Stock 01/01/2010 01/02/2010 Common Stock 997.08 $ (1) D  
Employee Stock Option (Right to Buy) 02/24/2001 02/24/2008 Common Stock 2,000 $ 42.56 D  
Employee Stock Option (Right to Buy) 02/22/2002 02/22/2009 Common Stock 7,000 $ 47.94 D  
Employee Stock Option (Right to Buy) 04/20/2003 04/20/2010 Common Stock 10,000 $ 32.5 D  
Employee Stock Option (Right to Buy) 04/19/2004 04/19/2011 Common Stock 12,000 $ 37.75 D  
Employee Stock Option (Right to Buy) 04/18/2005 04/18/2012 Common Stock 12,000 $ 42.51 D  
Employee Stock Option (Right to Buy) 01/23/2006 01/23/2013 Common Stock 14,000 $ 40.81 D  
Employee Stock Option (Right to Buy) 01/15/2007 01/15/2014 Common Stock 14,000 $ 43.06 D  
Employee Stock Option (Right to Buy) 01/20/2008 01/20/2015 Common Stock 16,000 $ 43.72 D  
Employee Stock Option (Right to Buy) 01/19/2009 01/19/2016 Common Stock 18,000 $ 46.88 D  
Performance Based Restricted Stock Units (2)   (3)   (3) Common Stock 1,600 (4) $ (5) D  
Performance Based Restricted Stock Units (2)   (6)   (6) Common Stock 1,800 (4) $ (5) D  
Performance Based Restricted Stock Units (2)   (7)   (7) Common Stock 4,300 (4) $ (5) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tai Luther
CONSOLIDATED EDISON, INC.
4 IRVING PLACE, ROOM 1618-S
NEW YORK, NY 10009
      Senior Vice President  

Signatures

Peter J. Barrett; Attorney-in-Fact 07/30/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Equivalent Stock units (phanton stock) are converted into common stock on a 1-for-1 basis.
(2) Performance Restricted Stock Units ("PRSUs") granted under the Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan (the "Plan"). PRSUs are converted into common stock on a 1 for 1 basis.
(3) The PRSUs will vest in 2008 when the number of PRSUs to be paid out are determined by the Management Development and Compensation Committee of the Company's Board of Directors.
(4) The number of shares (or cash equivalents) will be adjusted based on certain performance criteria, including criteria other than the market price, specified under the Company's Plan.
(5) Not Applicable
(6) The PRSUs will vest in 2009 when the number of PRSUs to be paid out are determined by the Management Development and Compensation Committee of the Company's Board of Directors.
(7) The PRSUs will vest in 2010 when the number of PRSUs to be paid out are determined by the Management Development and Compensation Committee of the Company's Board of Directors.

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