Press release
ComEd Grid Improvements Lay the Foundation for Post-Pandemic Business Growth
Reliable and Affordable Energy Attracting Businesses to Illinois CHICAGO--(BUSINESS WIRE)-- Helping to spark economic development in Illinois, ComEd, in
About this update from Exelon Corporation
[{"type":"text","content":"\nReliable and Affordable Energy Attracting Businesses to Illinois \n\n CHICAGO--(BUSINESS WIRE)--\nHelping to spark economic development in Illinois, ComEd, in 2020, completed infrastructure improvements that will help bring nearly 6,400 jobs and an investment of more than $2.7 billion to Illinois. These improvements enabled 17 new customer projects that represent 563 megawatts of new committed capacity – a one-year record for ComEd and equivalent to the amount of power required by more than 160,000 homes.\n\nIn 2012, ComEd began making investments to transform its energy system to a smart and digital grid. Since then, the stronger and more modern grid has improved reliability and helped to avoid more than 16 million customer interruptions in the communities ComEd serves. But these investments do more than just provide the clean, reliable and affordable electricity that residents expect and the resiliency needed to withstand more frequent extreme weather events - they help to attract new business and foster the growth of existing businesses in the region.\n\n“As we look toward economic recovery following the COVID-19 pandemic, we recognize the importance of attracting new businesses, jobs and investment to the state,” said Diana Sharpe, Vice-President of Economic and Workforce Development for ComEd. “We’re proud to be a partner to the state in creating conditions – like reliable electricity at affordable and competitive rates – that attract business growth and recruitment. Further, our grid investments are creating the infrastructure required to support new, job-generating industries like data centers and indoor agriculture.”\n\n\"Reliable electric infrastructure is essential to businesses making location decisions, and ComEd's sustained performance improvements set Illinois apart from other states and regions,\" said Alya Woods, acting CEO and COO of Intersect Illinois, the economic development organization focused on bringing investment and jobs to the state. \"Strong utility reliability performance reinforces to businesses that Illinois is the best place for their continued growth.\"\n\nLike increased reliability, low rates drive business growth. In December, the Illinois Commerce Commission approved ComEd’s request for a $14 million decrease in delivery service charges in 2021 compared to rates in effect in 2020. According ...