Press release
Newest ComEd Program Provides Bill Assistance to Struggling Small Businesses During Pandemic
Small-Business Assistance Programs offers one-time grants and flexible payment options CHICAGO--(BUSINESS WIRE)-- With many restaurants, bars, retailers and
About this update from Exelon Corporation
[{"type":"text","content":"\nSmall-Business Assistance Programs offers one-time grants and flexible payment options\n\n CHICAGO--(BUSINESS WIRE)--\nWith many restaurants, bars, retailers and other small businesses across northern Illinois struggling to stay open during the COVID-19 pandemic, ComEd today announced a new bill-assistance program to help eligible small businesses facing financial difficulties.\n\n“Small and family-owned businesses are the backbone of our communities. When they struggle, our neighborhoods struggle.” said ComEd CEO Joe Dominguez. “By offering a new bill-assistance option targeting small and family-owned businesses, we hope to do our part to ensure that the businesses that we all love and depend upon continue to be a part of our lives.”\n\nComEd’s Small Business Assistance Program provides eligible small-business customers that are past due on their energy bills with a one-time grant equal to 30 percent of their total ComEd balance (up to $1,000) for a limited time. Customers whose electric service has not been disconnected can then set up their remaining balance due on a payment plan of up to six months.\n\nSmall-business customers can visit ComEd.com/SmallBizAssistance or call 1-877-4-COMED-1 (1-877-426-6331) to learn more or apply for the Small Business Assistance Program.\n\nEarlier this week, ComEd announced its new Helping Hand program to provide more immediate aid to eligible residential customers most in need during the ongoing COVID-19 pandemic. For a limited time, this financial-assistance program provides an additional one-time grant of up to $300 to help reduce past-due balances of income-eligible customers.\n\nAssistance through the Helping Hand program is administered directly through ComEd, which expedites the verification process so that customers can receive grants more quickly. Residential customers can apply for Helping Hand grants at ComEd.com/PaymentAssistance.\n\nAssistance Options to Help Residential Customers \n\nHelping Hand and the Small Business Assistance Program are the latest in a number of assistance options ComEd has developed since the pandemic to help customers, including a $18 million bill-payment assistance program for residential customers announced earlier this summer.\n\nComEd has continued the suspension of service disconnections for low-income customers and those who express a financial h...