A summary of changes in the status of stock options awarded to of ficers and employees of the Companies as of December 31, 2003, 2002 and 2001 is as follows: The following table summarizes stock options outstanding at December 31, 2003 for each plan year for the Companies: Con Edison Con Edison of New York O&R We ighted Weighted Weighted Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price Outstanding at 12/31/00 4,790,913 $37.749 4,485,113 $37.682 73,000 $32.500 Granted 1,487,050 37.758 1,287,550 37.760 101,000 37.750 Exercised (363,013) 29.740 (363,013) 29.740 - - Forfeited (160,300) 41.333 (63,200) 41.414 - - Outstanding at 12/31/01 5,754,650 38.157 5,346,450 38.215 174,000 35.547 Granted 1,584,350 42.510 1,349,850 42.510 113,000 42.510 Exercised (413,899) 30.813 (413,199) 30.793 - - Forfeited (127,450) 44.103 (116,950) 44.491 (2,000) 35.125 Outstanding at 12/31/02 6,797,651 39.506 6,166,151 39.532 285,000 38.311 Granted 1,621,700 39.639 1,346,700 39.704 113,000 39.505 Exercised (692,175) 32.728 (660,425) 32.705 (9,500) 32.500 Forfeited (110,000) 45.365 (99,000) 45.764 - - Outstanding at 12/31/03 7,617,176 $40.065 6,753,426 $40.142 388,500 $38.800 Con Edison Con Edison of New York O&R Weighted Weighted Weighted Remaining Average Average Average Plan Contractual Options Exercise Options Options Exercise Options Options Exercise Options Year Life Outstanding Price Exercisable Outstanding Price Exercisable Outstanding Price Exercisable 2003 9 1,619,700 $39.640 - 1,346,700 $39.704 - 113,000 $39.505 - 2002 8 1,573,850 42.510 - 1,340,350 42.510 - 113,000 42.510 - 2001 7 1,465,350 37.758 - 1,272,850 37.760 - 100,000 37.750 - 2000 6 909,200 32.499 909,200 798,700 32.499 798,700 62,500 32.500 62,500 1999 5 1,076,600 47.868 1,076,600 1,028,900 47.865 1,028,900 - - - 1998 4 667,200 42.563 667,200 660,650 42.563 660,650 - - - 1997 3 208,676 31.500 208,676 208,676 31.500 208,676 - - - 1996 2 96,600 27.875 96,600 96,600 27.875 96,600 - - - Total 7,617,176 2,958,276 6,753,426 2,793,526 388,500 62,500 Con Edison Annual Report 2003 81