STOCK TITAN

ComEd Encourages Income-Eligible Customers to Apply for LIHEAP Utility-Bill Support

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

ComEd highlights the opening of the Low-Income Home Energy Assistance Program (LIHEAP) application season on September 1. In fiscal year 2022, $8.3 billion in federal funding is available to assist income-eligible customers with energy bills. ComEd encourages immediate action for those needing assistance, offering various options, including a one-time LIHEAP grant based on household size and income. In 2021, ComEd connected over 225,000 customers to $146 million in assistance. More details are available on their website.

Positive
  • Announcement of $8.3 billion LIHEAP funding for energy assistance is the highest ever.
  • In 2021, ComEd connected over $146 million in energy assistance to more than 225,000 customers.
Negative
  • None.

LIHEAP Action Month used to highlight Sept. 1 opening of new application season, along with ComEd bill-assistance programs available to customers

CHICAGO--(BUSINESS WIRE)-- August is Low-Income Home Energy Assistance Program (LIHEAP) Action Month and ComEd encourages income-eligible customers to be ready to apply for utility-bill assistance when the new program year begins Sept. 1. For fiscal year 2022, $8.3 billion in LIHEAP funding was provided by the federal government – the most ever to help Americans meet their energy needs.

“We understand individuals and businesses alike still face economic challenges from the pandemic, while also dealing with the negative impacts of the rising prices for everyday products and services due to inflation,” said Melissa Washington, ComEd's chief customer officer and senior vice president of customer operations. “We encourage our customers to take action immediately if they need help paying their energy bills, as ComEd stands ready to connect customers in need with a variety of energy-assistance options, including LIHEAP.”

In Illinois, LIHEAP provides a one-time grant, per program year, with no payback required, based on a household's income and size. A customer's annual household income cannot exceed 200 percent of the federal poverty income guidelines which, for a family of four, is $4,625 a month. Homeowners, renters and subsidized housing tenants are eligible to apply for assistance. Customers do not have to be behind on their bills to receive a grant. Residents of Cook County can call the LIHEAP hotline at 800-571-2332. Residents outside Cook County can call 877-411-9276.

ComEd works closely with its Community Action Agencies to connect customers to grants and programs like LIHEAP and ComEd’s Supplemental Arrearage Reduction Program (SARP), which is available to ComEd residential customers who qualified to receive energy-assistance benefits from LIHEAP. In 2021 alone, ComEd helped connect more than 225,000 eligible customers to more than $146 million in energy assistance.

“Making sure residents have access to services when they need it is a top priority,” said Latoya Butler, Director of Energy Services for the Community and Economic Development Association of Cook County, Inc. (CEDA), one of the agencies who administer LIHEAP and other utility assistance programs in Cook County.

Any customer experiencing difficulty paying their electric bill can learn more about energy-assistance options, including how to apply, at ComEd.com/PaymentAssistance.

Additional energy-assistance options

In addition to state and federal grants, ComEd offers residential customers the following bill-assistance options. Visit ComEd.com/Eligibility for eligibility guidelines and information on how to apply.

  • A flexible deferred payment arrangement of up to 12 months for eligible residential customers with a past-due balance. Make a down payment on the amount owed, and the balance is paid through installments in addition to your regular monthly bill.
  • Budget billing, which provides a predictable monthly payment based on your electricity usage from the last 12 months.
  • Flexible payment options like extensions on a customer’s due date by 21 calendar days.
  • High-usage alerts, which enable customers to receive alerts when their usage is trending higher than normal to help manage overall energy use, and energy-management tips to help customers manage energy use to save money now and on future energy bills.
  • Energy-efficiency offerings, including services and incentives designed for income-eligible residential customers, that can help reduce energy use now and in the long term.

To streamline access to bill-assistance options and programs, ComEd also offers its Smart Assistance Manager (SAM), an online self-service tool that can match customers with the payment-assistance programs and energy-efficiency offerings that can help customers manage their electric bills.

Support options are generated based on each customer’s household information, such as energy usage and billing history. Customers who create an online account with ComEd through the “My Account” tool can log in while using SAM to get even more personalized, targeted results.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 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, Twitter, Instagram and YouTube.

ComEd Media Relations

312-394-3500

Source: ComEd

FAQ

What is the LIHEAP application period for ComEd customers?

The LIHEAP application period for ComEd customers opens on September 1.

How much funding is available through LIHEAP for fiscal year 2022?

There is $8.3 billion in LIHEAP funding available for fiscal year 2022.

Who is eligible for LIHEAP funding from ComEd?

Eligibility for LIHEAP funding is based on household income and size, not exceeding 200% of the federal poverty guidelines.

How many customers did ComEd help with energy assistance in 2021?

ComEd helped connect over 225,000 customers to more than $146 million in energy assistance in 2021.

What options does ComEd provide for customers struggling to pay their energy bills?

ComEd offers various assistance options, including LIHEAP, deferred payment arrangements, budget billing, and energy-efficiency programs.

Exelon Corporation

NASDAQ:EXC

EXC Rankings

EXC Latest News

EXC Stock Data

37.71B
1.00B
0.12%
86.23%
1.7%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHICAGO