ComEd Recognized as One of the Top 10 Utilities for Economic Development
September 02 2015 - 5:11PM
Business Wire
Industry-leading publication highlights ComEd’s
capital investments totaling more than $3 billion and the creation
of 22,000 new jobs across northern Illinois
Site Selection magazine has named ComEd to its annual list of
Top 10 Utilities in Economic Development for
2015 in its September edition.
The magazine credits ComEd’s Economic Development Team and its
successful collaboration with state and regional partners for
delivering a total projected capital investment of more than $3
billion and nearly 22,000 new jobs across northern Illinois. Site
Selection is a national trade publication read by corporate
executives, site location consultants, and real estate
professionals who are responsible for choosing business and
industry locations.
ComEd also continues to refine its internal “rapid response”
program, which provides hands-on, personalized guidance to
interested parties by bringing together all business unit partners
– from operations to capacity, to regulatory -- very early in the
process to expedite cost and engineering information to support the
prospect’s decision to locate in northern Illinois. In addition,
ComEd is continuing its partnership with World Business Chicago on
a one-stop shop Data Center Express service that helps to
accelerate entry of these mission-critical facilities into the
Chicagoland area.
A fundamental economic development aspect of an electric utility
is to provide safe, reliable, and competitively priced electricity
to its customers. 2013 and 2014 were the two best years for
reliability in the company’s history – and during the first half of
this year, ComEd has set a new record in reliability. ComEd credits
these improvements in part to the implementation of the Energy
Infrastructure Modernization Act (EIMA), also known as the Smart
Grid law passed by the Illinois General Assembly in 2011 to improve
reliability, create jobs and build smart infrastructure for the
future. This $2.6 billion, 10-year project is digitizing ComEd’s
infrastructure, providing resiliency, smart substations and better
serving the utility’s customers.
“I am pleased that we’ve added rigor to our process, along with
strengthening our partnerships with our local, state and regional
economic development stakeholders,” said Sheila Owens, Vice
President of Economic Development for ComEd. “Together we are
stimulating investment, growth and job creation throughout northern
Illinois.”
“This recognition is well deserved for one of our strongest
development allies,” said John Greuling, President and CEO of the
Will County Center for Economic Development. “In our fast growing
county, we know that electricity reliability, availability and
price can be critical factors in the development process, and ComEd
excels with all of these.”
“ComEd provides excellent programs and services to our region,
not only to support new growth, but for our important existing
businesses as well,” said Mike Nicholas, President of the Rockford
Area Economic Development Council. “ComEd has been a long-term
sponsor and partner in our Voice of the Customer existing business
outreach and retention initiative that has touched over 900 area
companies in the past decade and been an integral part of guiding
our community along the path of continual improvement.”
ComEd is currently working to pass legislation that would
further expand the benefits of the 2011 Smart Grid Law by growing
energy efficiency programs, increasing access to renewable energy
sources, and setting policy to ensure affordability amidst clean
energy innovation. This Future Energy Plan legislation will further
position northern Illinois for continued economic development
growth.
To read the full article, go to
http://siteselection.com/issues/2015/sep/top-utilities.cfm.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 6.6 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.
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