The Management Development and Compensation Committee
The Committee reports and makes recommendations to the Board relating to officer and senior management appointments and compensation. In addition, the Committee makes incentive compensation awards to officers participating in Con Edison's Long Term Incentive Plan, and the Con Edison of New York's Executive Incentive Plan, subject to confirmation by the Board, and administers Con Edison's 1996 Stock Option Plan. The Committee also reviews and makes recommendations as necessary to provide for orderly succession and transition in the executive management of the Company and receives reports and makes recommendations with respect to minority and female recruitment, employment and promotion. It also oversees and makes recommendations to the Board with respect to compliance with the Employment Retirement Income Security Act of 1974 (“ERISA”), and reviews and makes recommendations with respect to benefit plans and plan amendments, the selection of plan trustees and the funding policy and contributions to the funded plans, and reviews the performance of the funded plans.

Management Development and Compensation Committee Charter

Committee Members

George Campbell Jr.   -  Management Development and Compensation Committee Chair
President, The Cooper Union for the Advancement of Science and Art, New York, New York
Vincent A. Calarco  -  Non-Executive Chairman of Newmont Mining Corporation, Denver, Colorado, and former Chairman, President and CEO of Crompton Corporation (now Chemtura Corporation)
Michael J. Del Giudice  -  Senior Managing Director, Millennium Credit Markets LLC, New York, New York
John F. Killian  - Executive Vice President and Chief Financial Officer, Verizon Communications Inc., Basking Ridge, New Jersey