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Con Edison Selects Siemens and TIBCO to Provide a Smart Grid Integration Solution

Smart Grid Project Will Demonstrate Improved Network Reliability through a Combination of Enhanced Monitoring and Control Capabilities

Palo Alto, Calif., February 06, 2012 - Siemens Smart Grid Division and TIBCO Software Inc. (NASDAQ: TIBX) will provide proven Smart Grid enterprise integration services to Consolidated Edison (Con Edison) for a Smart Grid demonstration project. The project is a result of Con Edison Company of New York (CECONY) receiving funding for the Smart Grid demonstration project from the Department of Energy through the American Recovery and Reinvestment Act (ARRA) stimulus program.

Siemens and TIBCO will provide a fully integrated and secure Smart Grid solution for Con Edison using standards-based software and technologies. Together with Siemens and TIBCO, Con Edison will be able to improve Smart Grid reliability and provide customers with greater visibility, flexibility and value; enhance control capabilities for existing Smart Grid assets and manage daily system peaks via demand response; and determine how to best apply developing technologies.

"We are proud to share our extensive integration experience with Con Edison in an effort to provide them with a cost effective and proven integration solution," says Thierry Godart, president of Siemens Smart Grid Division in the United States. "Our integration offering has been refined through years of experience to provide our customers with innovative and secure Smart Grid solutions."

With TIBCO's enterprise messaging technology, Con Edison gains a scalable, interoperable integration framework that enables the real-time flow of information across deployed assets for enhanced decision making capabilities to maintain a healthy power infrastructure. In addition to TIBCO's technologies, Siemens will deliver its Smart Grid visualization capabilities, providing a lightweight, browser-based user interface.

"This project marks our dedication to providing safe, reliable and efficient energy to our customers by enhancing our systems' capabilities," said Patricia Robison, Project Manager, Con Edison. "We look forward to Siemens' and TIBCO's expertise in helping us meet our Smart Grid project objectives."

As proven leaders, Siemens and TIBCO are able to bring Smart Grid integration know-how and methodology that can be implemented across a diverse set of situations. This expertise will enable Siemens to help Con Edison deploy the functionality and technology proposed for the Smart Grid Demonstration Project.

"New York is home to one of the most critical finance infrastructures in the world and the most pervasive big building management systems," says Murat Sonmez, executive vice president, Global Field Operations, TIBCO. "The ability to use real-time data to manage system assets, detect early warning signs and act immediately to resolve potential problems before they occur, is necessary to maintain predictable power and help keep businesses running. With TIBCO and Siemens, Con Edison is developing an architecture that will result in use cases that can act as a blue print for other urban areas."

Implementation of the Smart Grid integration solution began in August 2011. The project is estimated to be completed in May 2013.

Siemens Infrastructure & Cities Sector, with approximately 87,000 employees worldwide, offers sustainable technologies for metropolitan areas and their infrastructures. Its offerings include integrated mobility solutions, building and security technology, power distribution, Smart Grid applications, and low- and medium-voltage products. The sector comprises the Rail Systems, Mobility and Logistics, Low and Medium Voltage, Smart Grid and Building Technologies Divisions and Osram Sylvania. For more information, visit www.usa.siemens.com/infrastructure-cities

The Siemens Smart Grid Division supplies products and solutions for intelligent and flexible electrical network infrastructures. To meet growing energy needs, the networks of today and tomorrow must integrate all forms of power generation and ensure bi-directional energy and communication flows. Intelligent networks help make it possible to generate and use power efficiently and on demand. They contribute to the electrification of railroads and also supply industrial enterprises, infrastructure elements and entire cities with electricity. For more information, visit www.usa.siemens.com/smartgrid

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $36 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit Con Edison on the Web at www.conEd.com, the Con Edison green site at, www.coned.com/thepowerofgreen, or find us on Facebook at Power of Green.

About TIBCO

TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it's optimizing claims, processing trades, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantage® – the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes and applications in real time. Learn more at www.tibco.com.

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TIBCO, two-second advantage and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.