ComEd plans 10-year, multi-billion dollar upgrade
ComEd, a division of Exelon, has submitted a 10-year, $2.6 billion proposal to the Illinois Commerce Commission that, if approved, will upgrade electrical infrastructure throughout northern Illinois.
The Infrastructure Investment Plan filed January 6 directs $1.3 billion to electric system upgrades and an equal amount of funding to purchasing digital smart grid and AMI technology.
"Our entire organization is now focused on kicking off the critical construction programs laid out in the legislation," Anne Pramaggiore, president and COO of ComEd, said in a statement. "It is a roadmap for improved system reliability, enhanced customer service and a 21st century electric distribution system that will support the digital economy and the greener economy of the future."
According to an accompanying release, the utility plans to begin smart meter installation in the fourth quarter of 2012 and will install 120,000 meters in the first year. After the first year, an average of 440,000 meters will be installed annually until completion. ComEd has approximately 3.8 million customers in Northern Illinois.
In addition to the 10-year plan, ComEd's 2012 investments include $94 million in smart grid investments. This spending will target underground residential distribution cable along with more than 8,300 miles of underground cable.
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