ICC Approves $80 Million ComEd Refund to Benefit Customers Due to FEJA
August 31 2017 - 11:31AM
Business Wire
ComEd-requested refund part of new energy
efficiency program under Future Energy Jobs Act
The Illinois Commerce Commission yesterday approved ComEd’s
request to provide ComEd customers with an approximately $80
million refund as a result of ComEd’s efforts to implement the new
Energy Efficiency funding mechanism established by the historic
Future Energy Jobs Act (FEJA). As a result, the average ComEd
residential customer will see a credit of close to $14 on their
October monthly bill.
ComEd had requested the refund as part of the transition to the
new Energy Efficiency funding mechanism made possible through FEJA,
the energy legislation that passed the Illinois General Assembly
with broad bipartisan support. Signed into law by Governor Rauner
last year, FEJA helps to pivot Illinois to the new clean energy
economy by growing renewable energy resources and significantly
expanding energy efficiency programs that help customers save
energy and money.
“As a result of changes made to grow our Energy Efficiency
Program under FEJA, we requested that fees collected under the old
plan be refunded,” said Val Jensen, Senior Vice President of
Customer Operations. “We’re pleased that the ICC took this
opportunity to provide our customers with this valuable refund and
we look forward to helping them save even more under the new Energy
Efficiency Plan starting in 2018-2022, which will create more than
$4 billion in consumer savings.”
FEJA will save and create thousands of clean energy jobs and
provide job training for the future workforce, while also creating
significant consumer and environmental benefits. This
comprehensive, bipartisan legislation nearly doubles energy
efficiency programs, creating more than $4 billion in consumer
savings and reducing the amount CO2 in the air equivalent to
removing 18 million cars from the road. Further, the Act contains
significant programs for low-income communities and extends ComEd’s
customer assistance programs through 2021.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 10 million customers. ComEd
provides service to approximately 3.9 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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