Another Record-Setting Year of Power Reliability for ComEd Customers
January 25 2018 - 10:32AM
Business Wire
Smart grid and system improvements help to
reduce outages by nearly 50 percent and produce $1.5 billion in
societal savings
For the last five years, ComEd, a unit of Exelon, has worked on
upgrading and modernizing its electrical grid to improve the
reliability of its service to customers. The work has resulted in
record-setting performance. In 2017, ComEd customers experienced a
10 percent reduction in the frequency of outages compared to 2016.
Since investments began in 2012, frequency of outages has been
reduced by nearly 46 percent and the duration of outages has
decreased by 47 percent.
From 2012 through 2017, there have been more than 7.7 million
avoided customer interruptions, including 1.5 million in 2017 due
to additional investments in distribution automation or digital
“smart switches” that automatically reroute power around potential
problem areas. These 7.7 million avoided outages have resulted in
$1.5 billion in societal savings.
“Our work to modernize the grid continues to deliver sustainable
benefits for our customers and the state’s economy, as promised,”
said Anne Pramaggiore, president and CEO of ComEd. “We are building
off the foundation of this work to move Illinois toward a clean,
lean and ultra-resilient energy future giving our customers greater
access to renewables, more energy efficiency programs and control
over their energy costs, while also helping to create jobs within
our communities.”
In 2016, the Illinois General Assembly passed the Future Energy
Jobs Act, which pivots Illinois to the new clean energy economy,
saving and creating thousands of clean energy jobs and providing
job training for the future workforce, while also creating
significant consumer and environmental benefits. This
comprehensive, bipartisan legislation jumpstarts renewables in
Illinois, setting the stage to grow enough solar and wind energy to
power one million homes. It also significantly increases energy
efficiency programs, creating more than $4 billion in consumer
savings and reducing the CO2 equivalent to removing 18 million cars
from the road. Further, FEJA contains significant programs for
low-income communities and extends ComEd’s customer assistance
programs through 2021.
“As a result of smart grid and other system improvements, ComEd
customers are experiencing another year of record reliability -
with fewer and shorter outages and better service. We look forward
to continuing to deliver on the value of smart grid for our
customers and helping them and our state reap the benefits,” said
Terence R, Donnelly, ComEd executive vice-president and chief
operating officer.
Strong power reliability and Illinois’ competitive electricity
supply market are key attributes why businesses continue to commit
to building facilities in our northern Illinois service territory.
This is evidenced in the recognition in Site Selection magazine
naming ComEd to its annual list of Top 10 Utilities in Economic
Development for 2017.
“ComEd’s sustained reliability performance is helping set
Illinois apart from other states, regions, and international
locations we compete daily with for new business investment,” said
Mark Peterson, President and CEO of Intersect Illinois, a privately
funded economic development organization. “We are thrilled to see
record setting energy industry reliability performance which
provides businesses the assurance that Illinois is the right place
for their continued growth.”
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 4 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/20180125005805/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