STOCK TITAN

ComEd Receives 2024 ReliabilityOne® Award for Outstanding Reliability Performance in the Midwest and Outstanding Climate Action Leader

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Positive)
Tags

ComEd has received two prestigious 2024 ReliabilityOne® awards from PA Consulting: Outstanding Reliability Performance in the Midwest Metropolitan Service Area and Outstanding Climate Action Leader. The company has improved overall reliability by more than 70% since 2012, helping customers avoid 21.7 million interruptions and save $3.8 billion in outage-related costs.

The utility is advancing clean energy initiatives with over 1,120 MW of distributed energy resources currently interconnected, expecting to reach 1,900 MW by 2025. ComEd supports Illinois' goal of 1 million electric vehicles by 2030, with over 116,000 EVs currently registered in the state. These achievements align with Illinois' Climate and Equitable Jobs Act (CEJA) goals for a cleaner energy future.

ComEd ha ricevuto due prestigiosi premi ReliabilityOne® 2024 da PA Consulting: Eccellenza nella Performance di Affidabilità nell'Area Metropolitana del Midwest e Leader Eccellente nell'Azione Climatiche. L'azienda ha migliorato l'affidabilità complessiva di oltre il 70% dal 2012, aiutando i clienti ad evitare 21,7 milioni di interruzioni e risparmiare 3,8 miliardi di dollari in costi legati alle interruzioni.

La società sta promuovendo iniziative di energia pulita con oltre 1.120 MW di risorse energetiche distribuite attualmente interconnesse, con l'obiettivo di raggiungere 1.900 MW entro il 2025. ComEd sostiene l'obiettivo dell'Illinois di 1 milione di veicoli elettrici entro il 2030, con oltre 116.000 veicoli elettrici attualmente registrati nello stato. Questi risultati sono in linea con gli obiettivi della Legge sul Clima e i Lavori Equi dell'Illinois (CEJA) per un futuro energetico più pulito.

ComEd ha recibido dos prestigiosos premios ReliabilityOne® 2024 de PA Consulting: Desempeño de Fiabilidad Sobresaliente en el Área Metropolitana del Medio Oeste y Líder Destacado en Acción Climática. La empresa ha mejorado la fiabilidad general en más del 70% desde 2012, ayudando a los clientes a evitar 21.7 millones de interrupciones y ahorrar $3.8 mil millones en costos relacionados con apagones.

La utilidad está avanzando en iniciativas de energía limpia con más de 1,120 MW de recursos energéticos distribuidos actualmente interconectados, esperando alcanzar 1,900 MW para 2025. ComEd apoya el objetivo de Illinois de 1 millón de vehículos eléctricos para 2030, con más de 116,000 vehículos eléctricos registrados actualmente en el estado. Estos logros están alineados con los objetivos de la Ley de Clima y Trabajo Equitativo de Illinois (CEJA) para un futuro energético más limpio.

ComEd는 PA Consulting로부터 두 가지 권위있는 2024 ReliabilityOne® 어워드를 수상했습니다: 중서부 대도시 서비스 지역에서의 뛰어난 신뢰도 성과 및 기후 행동의 우수 리더. 이 회사는 2012년 이후 전체 신뢰도를 70% 이상 개선하여 고객이 2,170만 번의 정전을 피하고 정전과 관련한 비용에서 38억 달러를 절약하도록 도왔습니다.

이 유틸리티는 현재 1,120MW의 분산 에너지 자원이 상호 연결되어 있어 2025년까지 1,900MW에 도달할 것으로 예상하면서 청정 에너지 이니셔티브를 발전시키고 있습니다. ComEd는 2030년까지 일리노이주에 100만 대의 전기차가 목표라는 것을 지원하며, 현재 주에 등록된 전기차는 116,000대 이상입니다. 이러한 성과는 일리노이주의 기후 및 공정한 일자리 법(CEJA)의 목표와 일치하여 더 깨끗한 에너지 미래를 위한 것입니다.

ComEd a reçu deux prix prestigieux ReliabilityOne® 2024 de PA Consulting : Performance de Fiabilité Exceptionnelle dans la Zone de Service Métropolitaine du Midwest et Leader d'Action Climatique Exceptionnel. L'entreprise a amélioré sa fiabilité générale de plus de 70 % depuis 2012, aidant les clients à éviter 21,7 millions d'interruptions et à économiser 3,8 milliards de dollars en coûts liés aux pannes.

La société avance dans ses initiatives d'énergie propre avec plus de 1 120 MW de ressources énergétiques distribuées actuellement interconnectées, avec l'objectif d'atteindre 1 900 MW d'ici 2025. ComEd soutient l'objectif de l'Illinois d'1 million de véhicules électriques d'ici 2030, avec plus de 116 000 véhicules électriques actuellement enregistrés dans l'état. Ces réalisations s'inscrivent dans les objectifs de la Loi sur le Climat et les Emplois Équitables de l'Illinois (CEJA) pour un avenir énergétique plus propre.

ComEd hat von PA Consulting zwei prestigeträchtige ReliabilityOne®-Preise 2024 erhalten: Herausragende Zuverlässigkeitsleistung im metropolitischen Dienstgebiet des Mittleren Westens und Herausragender Klima-Aktionsführer. Das Unternehmen hat die allgemeine Zuverlässigkeit seit 2012 um über 70% verbessert, wodurch die Kunden 21,7 Millionen Unterbrechungen vermeiden und 3,8 Milliarden US-Dollar an Kosten im Zusammenhang mit Ausfällen einsparen konnten.

Das Versorgungsunternehmen fördert Initiativen zur sauberen Energie mit über 1.120 MW an derzeit verbundenen dezentralen Energiequellen und erwartet, bis 2025 insgesamt 1.900 MW zu erreichen. ComEd unterstützt das Ziel von Illinois, bis 2030 eine Million Elektrofahrzeuge zu erreichen, wobei derzeit über 116.000 Elektrofahrzeuge im Bundesstaat registriert sind. Diese Erfolge stehen im Einklang mit den Zielen des Illinois Climate and Equitable Jobs Act (CEJA) für eine sauberere Energiezukunft.

Positive
  • None.
Negative
  • None.

CHICAGO--(BUSINESS WIRE)-- In recognition of ComEd’s successful efforts to achieve best-in-class reliability, PA Consulting, the global innovation and transformation consultancy, yesterday presented the electric company 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 continues to make strategic investments in its system to ensure best-in-class reliability for its customers,” said David Perez, Executive Vice President and COO of ComEd. “At the same time, we are improving the grid to meet the needs of our customers who want more clean, renewable energy on the grid and achieve the goals set forward in Illinois’ landmark Climate and Equitable Jobs Act, or CEJA.”

ComEd customers have seen continuous improvement in grid reliability performance in recent years. Today, ComEd customers enjoy best-in-class reliability, with fewer customer outages at any point in the company’s history, and outages with a shorter duration when they do occur. Since ComEd started smart grid improvements in 2012, it has improved overall reliability by more than 70 percent, helping customers avoid nearly 21.7 million customer interruptions and save more than $3.8 billion in outage-related costs. ComEd’s performance comes as the company faces more powerful storms and continues to focus on power grid investments and innovations, storm hardening and vegetation management solutions, and cable replacement to ensure continued strong service as new challenges impact the grid and as customer needs evolve.

“In the face of increased instances of extreme weather and evolving energy needs, Illinoisans rely on reliable, uninterrupted service – and ComEd continues to rise to the challenge," said Illinois Governor JB Pritzker. "Earning both the Outstanding Reliability Performance and Outstanding Climate Action Leader awards, ComEd proves once again that they’re leading the way not just in service, but in sustainability. The State of Illinois is thankful for their continued dedication to powering our communities while advancing our Climate and Equitable Jobs Act goals for a cleaner, greener future.”

This clean energy transition has pushed utilities to equitably incorporate advanced methods of load management, incorporation of distributed energy resources (DERs) to enable its customers to participate in the clean energy transition. ComEd’s investments are also preparing the grid for the introduction of more electrification like electric vehicles (EVs) as well as clean energy via DER, such as solar energy. More than 1,120 MW of DER, including community solar and rooftop solar systems for residential, commercial, and industrial customers, are interconnected to the ComEd system. The company expects to have projects representing over 1,900 MW of renewable energy generation interconnected by 2025. Illinois has a goal of putting 1 million EVs on the road in Illinois by 2030, as outlined in CEJA. Today, over 116,000 EVs are registered in Illinois, with a majority owned by ComEd customers.

“Our investments are allowing our customers to have more options and access to cleaner technologies,” said Perez. “Both ComEd and the state of Illinois are working to make Illinois a leader in clean energy and meet the needs of our customers.”

“As our societal dependence on electricity increases through building electrification, transportation electrification, and routine load growth, the importance of resiliency becomes paramount,” said Derek HasBrouck, PA Consulting’s ReliabilityOne® Director. ComEd has made resiliency improvements and shaped their planning, operations, and customer journey design to improve system resiliency and provide an elevated customer experience.”

All utilities operating electric delivery networks in North America are eligible for consideration for the ReliabilityOne® Midwest Metropolitan Service Area and Outstanding Climate Action Leader Awards. The selection of Midwest Metropolitan Service Area recipients is based primarily on system reliability statistics that measure the frequency and duration of customer outages.

About ComEd

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

About PA Consulting

We believe in the power of ingenuity to build a positive human future. As strategies, technologies, and innovation collide, we create opportunity from complexity. Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results. We are over 4,000 strategists, innovators, designers, consultants, digital experts, scientists, engineers, and technologists. And we have deep expertise in consumer and manufacturing, defence and security, energy and utilities, financial services, government and public services, health and life sciences, and transport. Our teams operate globally from offices across the UK, Ireland, US, Nordics, and Netherlands. Discover more at paconsulting.com and connect with PA on LinkedIn and Twitter. PA. Bringing Ingenuity to Life.

PA Consulting’s ReliabilityOne® awards are presented to electric utilities providing their customers with the highest levels of reliability in the industry. PA Consulting’s ReliabilityOne® study is based on standard industry reliability statistics that measure the frequency and duration of electric power outages. ReliabilityOne® participants on average experienced 35% fewer sustained outages, and outages were 50% shorter than the average US investor owned utility. PA Consulting has been analyzing electric utility performance since 1987. For more information about PA Consulting, visit www.paconsulting.com/energy.

Shivani Joshi

+44 (7833) 441355

Shivani.joshi@PAConsulting.com

ComEd Media Relations

312-394-3500

Source: ComEd

FAQ

What awards did ComEd (EXC) receive in 2024 from PA Consulting?

ComEd received two ReliabilityOne® awards in 2024: Outstanding Reliability Performance in the Midwest Metropolitan Service Area and Outstanding Climate Action Leader award.

How much has ComEd (EXC) improved its grid reliability since 2012?

ComEd has improved overall grid reliability by more than 70% since 2012, helping customers avoid nearly 21.7 million interruptions and save over $3.8 billion in outage-related costs.

What is ComEd's (EXC) renewable energy target for 2025?

ComEd expects to have projects representing over 1,900 MW of renewable energy generation interconnected to their system by 2025.

How many electric vehicles are currently registered in ComEd's (EXC) service area in Illinois?

Over 116,000 electric vehicles are currently registered in Illinois, with a majority owned by ComEd customers.

Exelon Corporation

NASDAQ:EXC

EXC Rankings

EXC Latest News

EXC Stock Data

38.39B
1.00B
0.11%
87.7%
1.65%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHICAGO