2015 Marks Three Years of Record System Reliability for ComEd Customers
January 27 2016 - 11:01AM
Business Wire
Smart grid and system improvements help
customers avoid millions of customer interruptions – resulting in
over $1 billion in societal savings.
Since 2012, ComEd has been implementing smart grid and other
system improvements across its territory to strengthen and
modernize the grid – and those investments are paying off for
customers with record reliability. In 2015, ComEd customers
experienced a 12 percent reduction in the frequency of outages
compared to 2014 and nearly 25 percent since investments began.
During that same time, the duration of outages has been reduced by
42 percent.
The smart grid law passed by the Illinois General Assembly in
2011 opened the doors for ComEd to modernize its 100-year old
system, improving reliability while enhancing economic development
in Illinois and building smart infrastructure for the future.
Advanced technology like smart switches that reroute power
around potential problem areas, new storm hardening solutions and
cable replacement have contributed to more than 5.9 million avoided
customer interruptions since 2012 – resulting in $1.1 billion in
societal savings. Additionally, more than 3 million ComEd customers
experienced zero or only 1 outage last year.
“Our smart grid work has helped to deliver the best power
reliability on record for our customers for the last three years –
ranking us in the top 10 percent of utilities nationally and
leading our region to economic prowess in the digital economy,”
said Anne Pramaggiore, president and CEO of ComEd.
ComEd’s grid modernization work resulted in its recent ranking
of 2nd nationally in the 2015 Grid Modernization Index, a national
report produced by the GridWise® Alliance and the Smart Grid Policy
Center. The report evaluates and ranks states based on their
progress in modernizing their electric systems with smart grid
technologies, with three key areas assessed: policy, customer
engagement and grid operations.
In addition, in 2015, Site Selection Magazine, an
industry-leading economic development publication, recognized ComEd
as a Top 10 Utility Economic Development Practice, as measured
against utilities across the country. In addition to improving
reliability, smart grid work has supported 4,800 full-time
equivalent (FTE) jobs in Illinois, including approximately 1,800
FTE jobs at the utility and its contractors.
“From reliability to customer options to job creation and
growing businesses, our smart grid investments are delivering on
the promise of great value for our customers and state,” said
Terence R. Donnelly, executive vice-president and chief operating
officer for ComEd. “Because of the investments we’ve been making
and the partnerships we’ve established, we’ve laid a strong
foundation for the future and are meeting our customers’ evolving
needs.”
In 2015, focused on expanding the benefits of the Smart Grid
Law, ComEd introduced its Future Energy Plan, which will grow
energy efficiency programs, increase access to renewable energy
sources, and set policy to provide affordability amidst clean
energy innovation. This Future Energy Plan legislation also aims to
continue the state’s economic development via a boost to the
state’s emerging green economy.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 7.8 million customers. ComEd
provides service to approximately 3.8 million customers across
northern Illinois, or 70 percent of the state’s population. For
more information visit ComEd.com, and connect with the company on
Facebook, Twitter and YouTube.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160127005945/en/
ComEd Media Relations312-394-3500
Exelon (NYSE:EXC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Exelon (NYSE:EXC)
Historical Stock Chart
From Apr 2023 to Apr 2024