ComEd discussed their approach to economic and business development at Choose DuPage’s Quarterly Communities Meeting March 12, 2015. Their presentation covered the Energy Infrastructure Modernization Act, energy efficiency programs, and economic development assistance.
About ComEdComEd was established in 1887 as a principal electricity distribution company in Northern Illinois. The company serves 9.6 million people (70% of the State’s population). Exelon formed in 2000 as a merger of PECO Energy (Philadelphia) and Unicom (ComEd’s parent company). Exelon serves 27,000 employees and 6.6 million customers.
Energy Infrastructure modernization actOn October 27, 2011, the Illinois General Assembly enacted the Energy Infrastructure Modernization Act (EIMA), setting in motion a $2.6 billion investment by ComEd to strengthen and modernize the state’s electric grid.
The plan has two primary components:
- Reliability-Related Investments – 5 year program – $1.3 billion
- Underground cable – mainline, URD, manholes
- Training centers
- Wood pole inspection, reinforcement/replacement
- Storm hardening – undergrounding, spacer cable
- Smart Grid-Related Investments – 10 year program – $1.3 billion
- Distribution automation
- Smart substations
- Smart meters
Energy Efficiency ProgramsThis program provides extensive business customer rebates.
- Smart Ideas Opportunity Assessments (SIOA)
- Standard incentive programs
- Custom incentives program
- Commercial building optimization
- Industrial systems optimization
- Business Instant Lighting Discounts (BILD)
- New Construction
- Small business energy savings