Over $803 Million Coming to ComEd Customers

ComEd today announced that over $803 million will be returned to customers under the framework established in Illinois’ Climate and Equitable Jobs Act (CEJA) enacted in 2021, which requires nuclear plants to pay customers when prices are high.

ComEd Future of Energy Scholarship to help over 80 local students pursue college and trades-focused training for energy sector careers this fall.

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 is again being hailed as a national leader for its work to drive economic growth and job creation across northern Illinois, according to new rankings out today by Site Selection Magazine, which named ComEd as one of the Top 20 utilities in economic development.

Progress is underway on Gotion’s new gigafactory under construction in Manteno, which later this year, will start to produce its first Illinois-made energy storage and EV battery packs used in passenger, public and fleet vehicles driving here in Illinois and across the country. Gotion, a global manufacturing giant based in California, will not only play a key role in growing the state’s EV ecosystem but it will create thousands of jobs to grow the local economy.

ComEd’s Energy Efficiency Program offerings ranked first in Midwest by national energy-efficiency research organization.

Project increases access to clean and renewable energy, creates savings for customers

 Investments in the power grid continued to pay reliability dividends for ComEd customers as the electric company delivered record reliability in 2022. Since grid improvements began in 2011, overall reliability has improved more than 80 percent. In that time, ComEd has avoided more than 19 million power outages for customers, saving more than $3.3 billion in outage-related costs. In 2022, 85 percent, or nearly 3.5 million ComEd customers, experienced zero or one interruption in service.

ComEd in 2021 delivered some of its highest levels of year over-year reliability as a result of power grid investments such as smart switches that  reroute power around potential problem areas, new storm hardening and vegetation  management solutions, and cable replacement.

Northern Illinois offers new and existing businesses a host of strong energy-related assets, including low and stable power prices, industry-leading reliability, clean energy options, and more.