ComEd to file multi-year grid plan, rate plan

ComEd, a Chicago-based energy company, will file a multi-year grid plan along with a four-year rate plan in line with the requirements of the Climate and Equitable Jobs Act (CEJA).

The plan will align closely with the state of Illinoisʻ goal of long-term investments to support clean energy and decarbonization. ComEd, owned by Exelon, expects to file these plans with the Illinois Commerce Commission (ICC) in January 2023.

“A strong, dynamic grid is essential to meeting the state’s ambitious clean energy and decarbonization goals to combat climate change, improve local air quality and lift up the communities that need it most,” ComEd CEO Gil Quiniones said. “These plans will provide the foundation for a grid that is resilient, flexible, and intelligent to withstand more frequent and severe weather due to climate change and enable technologies like solar, battery storage, and fleets of electric vehicles.”

These plans will provide the commission, as well as customers and stakeholders, with insight and an opportunity to offer feedback into the delivery service investments and rates required over the period from 2024 through 2027,

ComEd reliability performance for the first nine months of 2022 was the highest in company history and is due in large part to the smart grid improvements that began in 2011.

Further, ComEd’s rates are among the lowest in the country. At the end of 2021, the average residential rate was 21 percent below the average for the nation’s top 10 metro areas and rank among the lowest in the nation.

ComEd serves more than 4 million customers across northern Illinois.