Illinois Commerce Commission Approves ComEd’s Refiled Multi-Year Grid Plan to Advance Region’s Economic, Climate and Equity Goals
20 Décembre 2024 - 9:15PM
Business Wire
Refiled plan meets all requirements and aligns
with State’s Climate and Equitable Jobs Act
The Illinois Commerce Commission (ICC) yesterday approved, with
modifications, ComEd’s refiled grid plan presented in March of 2024
after changes to the original plan were requested by the ICC in
December of 2023. It prioritizes improvements in system reliability
to support the growth of renewable energy and continued economic
development, as well as other goals of the Illinois Climate and
Equitable Jobs Act (CEJA), which puts Illinois on a path to a fully
decarbonized energy sector by 2045.
“We are grateful for the collaboration with the ICC and with
other stakeholders whose input helps us align more closely with the
goals of CEJA while also supporting continued regional economic
development,” said Gil Quiniones, ComEd President and CEO. “ComEd
is focused on delivering value and achieving the goals of our
approved plan while balancing the need for customer
affordability.”
ComEd’s refiled grid plan includes investments and programs
through 2027. The company’s cost-effectiveness analysis assessed
the value of the revised plan benefits at more than $7 billion
compared to $4.4 billion in investments; plus, additional customer
and community benefits, including cyber security protection,
safety, and health improvements from improved air quality while
contributing to economic development throughout northern Illinois.
The order also recognizes the potential for additional investment
to connect new businesses to the grid, which ComEd continues to see
increasingly strong interest in, and allows for full recovery of
all prudent and reasonable costs associated with these
investments.
Continued Focus on Affordability
The approved grid plan will result in an average increase of
$1.84 to monthly residential bills each year, beginning in 2025
through 2027. Total average monthly bills for ComEd residential
customers are currently about $100.
ComEd’s average residential rate of electricity as of July 2024
is 22% below the average residential rate charged in the nation’s
top 10 largest metropolitan areas, according to the most recent
data from the Edison Electric Institute (EEI). ComEd’s average
commercial rate and average industrial rate as of July 2024 was,
respectively, 21% and 38% below the average in the top 20 large
metropolitan areas.
Building upon its longstanding commitment to keep bills
affordable for all customers, ComEd presented to the ICC earlier
this year a proposal for a Low-Income Discount (LID) program. ComEd
anticipates that the ICC will issue its Final Order on the proposed
LID program in the first quarter of 2025; pending ICC approval, the
program will be implemented in the fourth quarter of 2025.
Critical Infrastructure Investments.
ComEd’s grid modernization investments are critical to ensure
the grid’s reliability and resiliency in the face of more severe
weather caused by climate change and as more solar and other
distributed energy resources (DER) are added to the ComEd system.
ComEd’s investments continue to prioritize work to sustain
improvements in system reliability and the integration of solar,
wind and battery energy storage. It is also expanding development
of distributed energy resources management systems (DERMS), which
requires advanced communications capabilities to monitor, control,
forecast and integrate DERS on the ComEd system. DERMS is a
cost-effective alternative to traditional upgrades and especially
beneficial as more DERs are connected on constrained circuits where
it’s necessary to guard against adverse system impacts.
In recognition of ComEd’s successful efforts to achieve
best-in-class reliability, PA Consulting, the global innovation,
and transformation consultancy, last month presented ComEd the 2024
ReliabilityOne® award for Outstanding Reliability Performance in
the Midwest Metropolitan Service Area. ComEd also received the
Climate Action Leader award for advancing the planning and
operations to transition into a cleaner future grid.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ:
EXC), a Fortune 200 energy company serving more than 10.5 million
electricity and natural gas customers – the largest number of
customers in the U.S. ComEd powers the lives of more than 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, Instagram, LinkedIn, X, and YouTube.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241220364278/en/
ComEd: 312-394-3500
Exelon (NASDAQ:EXC)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Exelon (NASDAQ:EXC)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024