ComEd to Provide $2.5 Million in Bill Relief to Help Small Businesses Offset Rising PJM Supply Costs

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ComEd’s one-time grants to help this business-customer segment reduce the burden of rising energy costs CHICAGO--(BUSINESS WIRE)-- Today, ComEd, together with its community partners, announced $2.5 million in new bill assistance that will soon be available to help eligible business customers cope with higher PJM supply costs during the summer. Backed by Exelon, ComEd’s parent company, this extension of last year’s Customer Relief Fund will offer a one-time, matching grant of up to $500 to eligible small- and medium-sized business customers located within ComEd’s northern Illinois service territory. Grant applications will only be accepted online starting Monday, June 15, at ComEd.com/SMBRelief. Applications will not be accepted by phone. Small- and medium-sized business customers can visit the site now for more information. A link to applications won’t be posted to the site until June 15. “Increasing PJM-related energy supply costs present challenges to customers in many parts of the country, including small businesses that are a critical part of the economy in the communities ComEd serves across northern Illinois,” said Gil C. Quiniones, President and CEO, ComEd. “The Customer Relief Fund is designed to deliver immediate billing relief to thousands of ComEd’s small-business customers, ensuring they’re able to continue providing jobs to local residents, while contributing to the cultural vibrancy of our region.” ComEd announced the fund in collaboration with Neighborhood Housing Services (NHS) of Chicago, an organization that will administer the fund. To qualify for grants, a business’s energy use must be under 500 kilowatts, have an active ComEd account with a commercial meter (home-based businesses are ineligible) and a past-due balance, along with no unpaid tampering fees and no bankruptcy. “Thriving small businesses are essential to building strong, resilient communities. This innovative partnership with ComEd will deliver meaningful, direct assistance to entrepreneurs and neighborhood-serving businesses in communities that need it most,” said Anthony E. Simpkins, President and CEO of Neighborhood Housing Services of Chicago. "We are honored to help ensure that local business owners have access to resources that reduce financial stress and enable them to continue serving as anchors of economic opportunity for the residents and neighborhoods that depen...

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