World : ComEd Smart Grid Program Delivering on Promises

CHICAGO--(BUSINESS WIRE)--

ComEd reported this week to the Illinois Commerce Commission (ICC) that infrastructure programs authorized under the Smart Grid Law are on schedule, with some of the major projects being completed in June, and delivering on promises as the program has reduced the frequency and duration of service interruptions by 44 and 48 percent, respectively.

ComEd’s 2017 update to its Infrastructure Investment Plan and the Advanced Metering Implementation Progress Report provide a comprehensive review of the smart grid program established by the Energy Infrastructure Modernization Act (EIMA). Enacted in 2011, EIMA authorized ComEd to invest $2.6 billion to upgrade and modernize its electric delivery system over a 10-year period. Because of these investments, ComEd customers are benefiting from record-breaking reliability with more than 7.6 million avoided outages since the launch of the program in 2012 and an associated $1.4 billion in societal savings.

“The smart grid program investments are delivering remarkable results for our customers and our economy,” said Anne Pramaggiore, president and CEO, ComEd. “These investments, along with our unrelenting focus on providing exceptional customer service have led to best reliability on record, with the fewest and shortest power outages ever experienced by ComEd customers. The smart grid program also has supported thousands of jobs and development in our communities. It has laid the foundation and set Illinois on a path to a smart, lean, custom, and reliable energy future - that’s what our customers want and deserve.”

The smart grid program includes the installation of smart meters, which enable customers to better control energy consumption and costs. To date, smart meters have been installed in more than 3 million homes and businesses in ComEd’s 11,000-square-mile region in northern Illinois.

The smart grid program also required ComEd to create at least 2,000 full-time equivalent (FTE) positions during the peak program year. ComEd doubled the number of positions required, supporting 4,572 FTEs, including direct jobs at ComEd and its contractors and suppliers and induced positions representing a broad range of functions required to build a 21st century electric grid. In calendar year 2016, the smart grid program supported 4,285 FTEs.

 

Source : http://finance.yahoo.com/news/comed-smart-grid-program-delivering-155100403.html

SMART GRID Bulletin November 2017


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