Press Release: ComEd Multi-Year Plans Advance Regions Economic, Climate and Equity Goals
Today, ComEd filed integrated grid and rate plans with our regulator, the Illinois Commerce Commission, that promote a reliable and equitable transition to a cleaner energy future. These plans set a forward-looking strategy to combat climate change, enhance grid reliability and resilience, and equitably promote the state’s clean energy goals. Developed under the state’s Climate and Equitable Jobs Act (CEJA), the plans align with ComEd’s vision for advancing an equitable, low-carbon future, and were shaped by significant stakeholder engagement.
To smooth the customer bill impact of the revenue requirement increases included in the plan, ComEd is adopting a phased in approach to defer the effect on rates of a portion of the 2024 revenue requirement until 2026. Though the plans would result in an increase of about $4.25 in the average monthly residential bill annually from 2024 to 2027, the plans build on a competitively affordable starting point, as ComEd’s average total monthly customer bill today is among the lowest in the nation.
To learn more, check out our press release, 230117 ComEd Multiyear Release FINAL quote release What People are Saying About ComEd MRP Release Final and attached fact sheet 230117 ComEd Multiyear Factsheet FINAL