{"id":726210,"date":"2023-01-26T09:33:08","date_gmt":"2023-01-26T14:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\/"},"modified":"2023-01-26T09:33:08","modified_gmt":"2023-01-26T14:33:08","slug":"northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\/","title":{"rendered":"Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022"},"content":{"rendered":"

<\/p>\n

Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022<\/b><\/p>\n

ComEd investments are preparing the grid for climate change impacts and the clean energy transition<\/i><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nInvestments in the power grid continued to pay reliability dividends for ComEd customers as the electric company delivered record reliability in 2022. Since grid improvements began in 2011, overall reliability has improved more than 80 percent. In that time, ComEd has avoided more than 19 million power outages for customers, saving more than $3.3 billion in outage-related costs. In 2022, 85 percent, or nearly 3.5 million ComEd customers, experienced zero or one interruption in service.\n<\/p>\n

\n\u201cWith growing concerns about carbon emissions and air pollution, we are living in a world that will be increasingly electric,\u201d said Terence Donnelly<\/b><\/a>, president and chief operating officer of ComEd<\/b>. \u201cAs people purchase more electric vehicles and appliances, and renewable energy like solar expands across our communities, we will continue to make necessary investments in our system to ensure we are ready to meet demand.\u201d\n<\/p>\n

\nAs extreme weather events, electrification and other ComEd customer needs increase, the need to invest in reliable infrastructure grows. ComEd recently filed multiyear grid and rate plans<\/a> that outline grid work required to support the expansion of renewables such as solar and wind power and beneficial electrification for ComEd customers while maintaining and improving the system to continue the level of reliability customers have come to expect. The plans support the goals of the Climate and Equitable Jobs Act (CEJA) that Illinois enacted in 2021, including ensuring that under-resourced communities benefit from the clean energy transition.\n<\/p>\n

\n\u201cThe investments we\u2019ve made to this point have improved our overall reliability as demands on the system have grown,\u201d said Donnelly. \u201cBut as the needs and expectations of our customers evolve, the grid needs to evolve with them.\u201d\n<\/p>\n

\nIn addition, the grid plan advances ComEd\u2019s leading role in supporting economic growth across northern Illinois. Companies continue to invest in the region thanks to the unparalleled access to clean, cost-effective and highly reliable power. As one key example, in the last two years, ComEd has brought 28 commercial projects online, including 12 data centers, representing 6,800 jobs and more than $3 billion in local investment.\n<\/p>\n

\n“ComEd’s track record for reliability is an asset that the new Greater Chicagoland Economic Partnership will leverage, along with other important attributes, to further enhance the region’s competitiveness,” said Michael Fassnacht, President & CEO of World Business Chicago, and Chief Marketing Officer, City of Chicago<\/b>. “We also recognize the need to proactively address issues such as cost-effectiveness and sustainability, and we look forward to working with ComEd to ensure competitive pricing for industrial use and an increased percentage of renewable energy sources for the greater Chicago region. By doing so, we believe the Chicagoland region will become an even more attractive location for business expansion and investment.”\n<\/p>\n

\n\u201cA modern electric grid and access to renewable energy are key factors that companies making location decisions look for,\u201d said Intersect Illinois CEO Dan Seals<\/b>. \u201cComEd\u2019s investment in reliable infrastructure helps us to attract companies that are committed to a sustainable future.\u201d\n<\/p>\n

\nAccording to a recent company analysis<\/a> of 25 peer U.S. energy companies with approximately 1 million customers or more, families and businesses served by ComEd experienced fewer power outages on average than customers of any comparable electric company for a fifth consecutive year in 2021, based on industry standard measures for reliability.\n<\/p>\n

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers \u2013 the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state\u2019s population. For more information visit <\/i>ComEd.com<\/i><\/a>and connect with the company on <\/i>Facebook<\/i><\/a>, <\/i>Twitter<\/i><\/a>, <\/i>Instagram<\/i><\/a> and <\/i>YouTube<\/i><\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230126005657\/en\/<\/a><\/span><\/p>\n

\nComEd Media Relations
\n
312-394-3500\n<\/p>\n

KEYWORDS:<\/b> United States North America Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Public Policy\/Government State\/Local Other Energy Utilities Environment Sustainability Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022 ComEd investments are preparing the grid for climate change impacts and the clean energy transition CHICAGO–(BUSINESS WIRE)– Investments in the power grid continued to pay reliability dividends for ComEd customers as the electric company delivered record reliability in 2022. Since grid improvements began in 2011, overall reliability has improved more than 80 percent. In that time, ComEd has avoided more than 19 million power outages for customers, saving more than $3.3 billion in outage-related costs. In 2022, 85 percent, or nearly 3.5 million ComEd customers, experienced zero or one interruption in service. \u201cWith growing concerns about carbon emissions and air pollution, we are living in a world that will … <\/p>\n

Continue reading “Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-726210","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNorthern Illinois Families and Businesses Experienced Record Electric Reliability in 2022 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022 ComEd investments are preparing the grid for climate change impacts and the clean energy transition CHICAGO–(BUSINESS WIRE)– Investments in the power grid continued to pay reliability dividends for ComEd customers as the electric company delivered record reliability in 2022. Since grid improvements began in 2011, overall reliability has improved more than 80 percent. In that time, ComEd has avoided more than 19 million power outages for customers, saving more than $3.3 billion in outage-related costs. In 2022, 85 percent, or nearly 3.5 million ComEd customers, experienced zero or one interruption in service. \u201cWith growing concerns about carbon emissions and air pollution, we are living in a world that will … Continue reading "Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-26T14:33:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230126005657r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022\",\"datePublished\":\"2023-01-26T14:33:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\\\/\"},\"wordCount\":673,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230126005657r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-illinois-families-and-businesses-experienced-record-electric-reliability-in-2022\\\/\",\"name\":\"Northern Illinois Families and Businesses Experienced Record Electric Reliability in 2022 - 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