Illinois Commerce Commission Approves ComEd’s Refiled Multi-Year Grid Plan to Advance Region’s Economic, Climate and Equity Goals
ComEd, a unit of Exelon (NASDAQ: EXC), received approval from the Illinois Commerce Commission (ICC) for its refiled grid plan in March 2024. The plan, which runs through 2027, includes $4.4 billion in investments with projected benefits valued at over $7 billion. The approved plan will increase average residential monthly bills by $1.84 annually from 2025 through 2027, with current monthly bills averaging $100.
The plan focuses on system reliability improvements, renewable energy growth, and alignment with the Illinois Climate and Equitable Jobs Act (CEJA). ComEd's rates remain significantly below major metropolitan averages, with residential rates 22% lower, commercial rates 21% lower, and industrial rates 38% lower than comparable markets. The company also proposed a Low-Income Discount program, pending ICC approval in 2025.
ComEd, una divisione di Exelon (NASDAQ: EXC), ha ricevuto l'approvazione dalla Commissione per i Servizi Pubblici dell'Illinois (ICC) per il suo piano di rete ripresentato a marzo 2024. Il piano, che si estende fino al 2027, include investimenti per 4,4 miliardi di dollari con benefici previsti superiori a 7 miliardi di dollari. Il piano approvato aumenterà le bollette residenziali medie mensili di $1,84 all'anno dal 2025 al 2027, con bollette mensili attuali che mediamente si attestano sui $100.
Il piano si concentra sul miglioramento dell'affidabilità del sistema, sulla crescita delle energie rinnovabili e sull'allineamento con la Legge sul Clima e i Lavori Equi dell'Illinois (CEJA). Le tariffe di ComEd rimangono significativamente inferiori alle medie metropolitane, con tariffe residenziali inferiori del 22%, tariffe commerciali inferiori del 21% e tariffe industriali inferiori del 38% rispetto ai mercati comparabili. L'azienda ha anche proposto un programma di sconto per le persone a basso reddito, in attesa dell'approvazione dell'ICC nel 2025.
ComEd, una unidad de Exelon (NASDAQ: EXC), recibió la aprobación de la Comisión de Comercio de Illinois (ICC) para su plan de red re-presentado en marzo de 2024. El plan, que se extiende hasta 2027, incluye 4,4 mil millones de dólares en inversiones con beneficios proyectados valorados en más de 7 mil millones de dólares. El plan aprobado aumentará las facturas mensuales residenciales promedio en $1.84 anualmente desde 2025 hasta 2027, con las facturas mensuales actuales que promedian $100.
El plan se centra en las mejoras de confiabilidad del sistema, el crecimiento de las energías renovables y la alineación con la Ley de Clima y Empleos Equitativos de Illinois (CEJA). Las tarifas de ComEd siguen siendo significativamente inferiores a las medias metropolitanas, con tarifas residenciales un 22% más bajas, tarifas comerciales un 21% más bajas y tarifas industriales un 38% más bajas que los mercados comparables. La compañía también propuso un programa de descuento para personas de bajos ingresos, pendiente de aprobación por parte de la ICC en 2025.
ComEd, Exelon의 한 유닛(NASDAQ: EXC), 2024년 3월 일리노이 상무부(ICC)로부터 재제출한 전력망 계획에 대한 승인을 받았습니다. 이 계획은 2027년까지 진행되며 44억 달러의 투자와 70억 달러 이상의 예상 이익을 포함하고 있습니다. 승인된 계획에 따르면, 2025년부터 2027년까지 평균 주거용 월 평균 요금이 매년 1.84달러 증가할 것이며, 현재 월 평균 요금은 100달러입니다.
이 계획은 시스템 신뢰성 개선, 재생 에너지 성장 및 일리노이 기후 및 공정 일자리 법(CEJA)과의 정렬에 중점을 두고 있습니다. ComEd의 요금은 주요 대도시 평균보다 상당히 낮으며, 주거용 요금은 22%, 상업용 요금은 21%, 산업용 요금은 38% 낮습니다. 회사는 또한 2025년 ICC 승인을 기다리고 있는 저소득층 할인 프로그램을 제안했습니다.
ComEd, une unité d'Exelon (NASDAQ: EXC), a reçu l'approbation de la Commission du Commerce de l'Illinois (ICC) pour son plan de réseau redéposé en mars 2024. Le plan, qui s'étend jusqu'en 2027, comprend 4,4 milliards de dollars d'investissements avec des bénéfices projetés évalués à plus de 7 milliards de dollars. Le plan approuvé augmentera les factures mensuelles résidentielles moyennes de 1,84 $ par an de 2025 à 2027, les factures mensuelles actuelles étant en moyenne de 100 $.
Le plan se concentre sur l'amélioration de la fiabilité du système, la croissance des énergies renouvelables et l'alignement avec la loi sur le climat et les emplois équitables de l'Illinois (CEJA). Les tarifs de ComEd restent nettement inférieurs aux moyennes métropolitaines, avec des tarifs résidentiels inférieurs de 22 %, des tarifs commerciaux inférieurs de 21 % et des tarifs industriels inférieurs de 38 % par rapport aux marchés comparables. L'entreprise a également proposé un programme de réduction des coûts pour les ménages à faible revenu, en attente de l'approbation de l'ICC en 2025.
ComEd, eine Einheit von Exelon (NASDAQ: EXC), erhielt im März 2024 die Genehmigung der Illinois Commerce Commission (ICC) für ihren erneut eingereichten Netzplan. Der Plan, der bis 2027 läuft, umfasst Investitionen in Höhe von 4,4 Milliarden Dollar mit prognostizierten Vorteilen von über 7 Milliarden Dollar. Der genehmigte Plan wird die monatlichen Durchschnittskosten für Haushalte von 2025 bis 2027 jährlich um 1,84 Dollar erhöhen, wobei die aktuellen monatlichen Rechnungen im Durchschnitt 100 Dollar betragen.
Der Plan konzentriert sich auf Verbesserungen der Systemzuverlässigkeit, das Wachstum erneuerbarer Energien und die Anpassung an das Illinois Climate and Equitable Jobs Act (CEJA). Die Tarife von ComEd liegen weiterhin erheblich unter den durchschnittlichen Großstadtpreisen, wobei die Wohngebühren 22 %, die Geschäftspreise 21 % und die Industriekosten 38 % niedriger sind als in vergleichbaren Märkten. Das Unternehmen hat auch ein Programm für Nachlässe für einkommensschwache Haushalte vorgeschlagen, das 2025 die Genehmigung der ICC erwartet.
- Plan projects $7 billion in benefits against $4.4 billion investment
- Approval for full cost recovery of prudent grid connection investments
- Rates 22-38% below major metropolitan averages
- Received 2024 ReliabilityOne® award for Outstanding Reliability Performance
- Monthly residential bills to increase by $1.84 annually through 2027
Insights
Refiled plan meets all requirements and aligns with State’s Climate and Equitable Jobs Act
“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
Continued Focus on Affordability
The approved grid plan will result in an average increase of
ComEd’s average residential rate of electricity as of July 2024 is
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
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ComEd: 312-394-3500
Source: ComEd
FAQ
What is the expected cost increase for ComEd customers under the new grid plan?
How much investment and benefits does ComEd's new grid plan include?
How do ComEd's electricity rates compare to other major metropolitan areas?
When will ComEd's Low-Income Discount (LID) program be implemented?
What awards did ComEd receive for its grid performance in 2024?
