An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
ComEd, Peoples Gas, and North Shore Gas to Collaborate on Gas Meter Reading
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
The Illinois Commerce Commission has approved a collaboration between Peoples Gas and North Shore Gas to transmit natural gas meter data through ComEd's smart grid. This innovation will enhance efficiency, save gas customers approximately $5.5 million annually, and reduce carbon emissions by 626 tons per year. The project will eliminate over 580,000 vehicle miles driven for meter readings and provide customers with access to energy usage analytics. The implementation of the Advanced Metering Infrastructure (AMI) is expected to be completed by the end of 2024 for Peoples Gas.
Positive
Estimated annual savings of $5.5 million for gas customers.
Reduction of 626 tons of carbon emissions per year.
Elimination of over 580,000 vehicle miles driven yearly for meter readings.
Enhanced customer access to energy usage analytics.
Negative
None.
ICC Approves Plan to Create Customer Savings, Protect the Environment
CHICAGO--(BUSINESS WIRE)--
The Illinois Commerce Commission today approved an innovative collaboration that enables Peoples Gas and North Shore Gas to securely transmit natural gas meter data via ComEd’s smart grid communications network, creating new efficiencies and cost savings for gas customers and reducing carbon emissions. Together, the two natural gas providers serve more than 1 million customers, and the majority receive their electricity service from ComEd.
ComEd’s Advanced Metering Infrastructure (AMI) is a combination of smart meters, communications networks, and data management systems. It has played a key role in ComEd’s ability to deliver record-level reliability, fewer outages and improved customer satisfaction while keeping bills flat.
Up to now, Peoples Gas and North Shore Gas have read their customers’ meters by driving a vehicle down every street and transmitting data from each meter via radio signal. AMI will remove that fleet of vehicles from the street, eliminating more than 580,000 driving miles per year and 626 tons of carbon emissions per year. In addition to helping the environment, thecost savings from the reduced driving and other efficiencies will more than offset the cost of AMI. Operational savings for Peoples Gas and North Shore Gas— and in turn, their customers — will total an estimated $5.5 million per year.
Connecting to ComEd’s AMI network also will enable Peoples Gas and North Shore Gas customers to view analytics that detail their energy usage and help them control costs. Fewer in-person appointments will be needed as more tasks are able to be completed remotely.
“Using AMI will reduce costs for customers and enhance our level of service,” said Torrence Hinton, president of Peoples Gas and North Shore Gas. “Combined with the environmental benefits, this is a great step forward for everyone we serve, and across the Chicago region.”
"Our smart grid investments offer value not only for ComEd customers but for other Illinois utilities," said Terence Donnelly, ComEd president and COO. "We are eager to demonstrate the benefits of this innovative solution to the customers we share with Peoples Gas and North Shore Gas."
North Shore Gas expects to complete the implementation of AMI by the end of 2023. Peoples Gas expects to finish implementation by the end of 2024. Installation of any new equipment required will occur in unison with other maintenance work, such as routine safety inspections.
The innovative collaboration between ComEd, Peoples Gas and North Shore Gas to eliminate the cost of having two separate networks transmitting meter data will be a model for efficiency and environmental sustainability for utility companies across the United States.
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.
North Shore Gas, a subsidiary of WEC Energy Group (NYSE: WEC), is a regulated natural gas delivery company that serves more than 163,000 residential, commercial and industrial customers in 54 communities within the northern suburbs of Chicago. You can find more information about natural gas safety, energy efficiency and other energy-related topics at northshoregasdelivery.com. Follow us on Twitter and Facebook @northshoregas.
Peoples Gas, a subsidiary of WEC Energy Group (NYSE: WEC), is a regulated natural gas delivery company that serves more than 878,000 residential, commercial and industrial customers in the city of Chicago. You can find more information about natural gas safety, energy efficiency and other energy-related topics at peoplesgasdelivery.com. Follow us on Twitter and Facebook @peoplegaschi.
What is the financial impact of the ICC's approved collaboration for EXC and WEC shareholders?
The collaboration is projected to save gas customers around $5.5 million annually, potentially benefiting shareholders by improving operational efficiencies.
How will the collaboration between Peoples Gas and North Shore Gas affect carbon emissions?
The plan will lead to a reduction of 626 tons of carbon emissions per year by eliminating vehicle trips for meter reading.
When will the Advanced Metering Infrastructure (AMI) be fully implemented for Peoples Gas and North Shore Gas?
Implementation of AMI is expected to be completed by the end of 2024 for Peoples Gas, and by the end of 2023 for North Shore Gas.
What benefits will customers experience from the AMI implementation by Peoples Gas and North Shore Gas?
Customers will benefit from cost savings, reduced need for in-person appointments, and access to analytics for monitoring energy usage.
How does this collaboration serve as a model for other utility companies across the U.S.?
It demonstrates efficiency and environmental sustainability by combining data transmission networks, which could inspire similar collaborations among other utilities.
