Smart Grid Progress Report Demonstrates Benefits to ComEd Customers
April 11 2016 - 1:32PM
Business Wire
Report highlights record-breaking results,
national rankings and stats on the progress of $2.6 billion
investment program in Illinois
Today ComEd distributed its 2016 Smart Grid Progress Report
Delivering on the Smart Grid Promise: Laying a Foundation for the
Future. The report demonstrates how the $2.6 billion Smart Grid
investment plan is delivering tangible benefits to customers
through greater power reliability, energy savings, economic
development, community investments and financial assistance. The
report also highlights the utility’s work building upon the Smart
Grid foundation driving toward the future with clean technologies,
more customer choices and greater savings.
“Since the launch of the Smart Grid program, we have been
dedicated to ensuring that Smart Grid investments are bringing the
value we promised to our customers, state and communities,” said
Anne Pramaggiore, president and CEO, ComEd. “Our investments to
modernize and strengthen ComEd’s power delivery system have set
records and exceeded expectations in several areas, including
system reliability, customer satisfaction, job creation, economic
development and supplier diversity spend. We are proud of these
results and look forward to building on the Smart Grid platform,
bringing even greater services and value to our customers in the
future.”
The Smart Grid Law, passed by the Illinois General Assembly in
2011, is a 10-year grid-strengthening and modernization effort that
ComEd is delivering on budget and ahead of schedule.
Report highlights include:
- ComEd deployed a total of $2.4 billion
in capital investments in 2015 - largest in the company’s
history
- $663 million on the Smart Grid
investments, more than 2 million customers now have smart
meters
- More than 4.8 million avoided customer
interruptions since 2012, with an associated $1.1 billion in
societal savings
- Powering economic development in
Illinois, 4,500 new jobs created, $4 billion spent with local
suppliers and $1.6 billion with diverse suppliers
- ComEd’s Smart Grid Program helped
Illinois achieve its recent ranking as #2 in the nation for our
overall Smart Grid efforts and #1 for forward-looking policy
support.
- ComEd has distributed $40 million in
financial assistance through its CARE programs, with another $10
million committed in 2016
- ComEd’s Smart Ideas® Energy Efficiency
program saved ComEd customers $1.75 billion on their electric
bills
To learn more, please view the entire ComEd Progress Report at
https://www.comed.com/documents/about-us/progress-report-final.pdf.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with 2015 revenues of approximately $34.5 billion.
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/20160411006139/en/
ComEd Media Relations(312) 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