ComEd Receives National Recognition for Impact on Economic Development
Ranked in the top one percent of utilities across
In 2020, infrastructure projects designed to improve and modernize the power grid created an additional
“ComEd is committed to transforming more than just the power grid,” said
In recognizing the energy company, the magazine cites actions taken by ComEd that are key factors in creating jobs and attracting new businesses to
- Industry-leading reliability. Since 2012, ComEd has made investments in the grid that have helped it withstand more frequent severe weather associated with climate change and avoid more than 16 million customer interruptions by automatically rerouting power around problem areas.
- Fleet electrification. ComEd plans to electrify 30 percent of its vehicle fleet by 2025 and 50 percent by 2030.
- Workforce training. ComEd job training programs resulted in approximately 1,690 trainees completing the Craft Apprenticeship Program, Solar Pipeline and Multicultural programs with 25 percent securing jobs.
Renewable energy solutions. Through the Future Energy Jobs Act enacted in 2016, ComEdcommercial and industrial customers can apply for distributed generation (DG) rebates designed to reduce up-front installation costs for renewable energy and spur renewable development. ComEd has received 180 DG rebate applications this year and paid rebates of
$33.6 million. In August, the company also placed its fiftieth community solar project in service. Each project serves homeowner, renter and business subscribers who receive bill credits for their portion of the energy produced by the community solar farm.
“Illinois’ low and stable power prices, industry-leading reliability performance and clean energy solutions are critical components we leverage to drive economic growth, business development and job creation in the region,” said
“We applaud Site Selection magazine’s recognition of ComEd as a top utility in economic development,” said
This is the eighth time ComEd has been recognized as a top utility in economic development by
ComEd Media Relations