Press release
ComEd Refiles Multi-Year Grid Plan to Advance Region’s Economic, Climate and Equity Goals
Illinois Commerce Commission Expected to Rule on New Plan by End of 2024 CHICAGO--(BUSINESS WIRE)-- As directed by the Illinois Commerce Commission (ICC),
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[{"type":"text","content":"\nIllinois Commerce Commission Expected to Rule on New Plan by End of 2024\n\n\n CHICAGO--(BUSINESS WIRE)--\nAs directed by the Illinois Commerce Commission (ICC), ComEd today submitted to the ICC a refiled multi-year grid plan that will increase access to the benefits of clean and renewable energy in alignment with the Climate and Equitable Jobs Act (CEJA). In December of 2023, the ICC rejected ComEd’s original multi-year grid plan, requiring ComEd to file a revised grid plan in 90 days, and asking the company for a plan that includes additional focus on affordability, cost effectiveness and benefits to equity investment eligible communities (EIECs).\n\n\n“We heard the Commissioners’ concerns and have worked diligently these past three months to create a plan that is responsive to their feedback while positioning ComEd to help the state achieve its clean energy and equity goals,” said Gil Quiniones, ComEd President and CEO. “It also reflects a deep collaboration with stakeholders, whose engagement and partnership helped us to strengthen the plan, creating a pathway for us to support CEJA’s vision at a pace that ensures rates remain affordable for all customers.”\n\n\nTo assemble this new multi-year grid plan, building upon earlier stakeholder and community engagement efforts, ComEd re-engaged with stakeholders to better address the issues outlined by the Commission, hosting two public meetings and a series of six stakeholder workshops in January and February of this year, as well as numerous technical and direct discussions.\n\n\nBased on this engagement, and in response to feedback from the Commission, ComEd has made a number of changes to the original grid plan, including:\n\n\n\nA reduction in overall investment levels and bill impacts to better ensure affordability for customers;\n\n\n\nNew affordability analysis that demonstrates ComEd’s new rates under the proposed multi-year grid plan are affordable, prudent and reasonable; and\n\n\n\nEnhanced explanation of the benefit of grid investments to ComEd customers, including additional detail on cost effectiveness.\n\n\n\nAs electricity plays a larger role in the daily lives of customers and communities, the need to preserve ComEd’s nation-leading reliability is critical. For the second year in a row, it was recognized by PA Consulting, which named ComEd the most reliable util...