Exelon

Moody’s Upgrades Constellation’s Credit Rating as Policy Support and Growing Demand for Clean Energy Fuel Strong Financial Performance

Retrieved on: 
Wednesday, April 3, 2024
Other Energy, Utilities, Environment, Finance, Alternative Energy, Energy, Professional Services, Nuclear, Constellation, Electricity, Microsoft, Longevity, S&P Global Ratings, Climate, Transport, Wind, S&P, Exelon, Organic, Inflation, Commonwealth Edison, Renewable energy

Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.

Key Points: 
  • Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.
  • The largest producer of carbon-free energy in the U.S., Constellation has exceeded financial expectations since launching as an independent company two years ago.
  • As a result, major technology companies and other industries are looking to Constellation to help power their operations with clean energy.
  • The company’s financial performance also has enabled it to increase its support for the communities it serves.

Appeals Court Rules Winter Storm Uri Cases Can Move Forward Against Transmission and Distribution Utilities

Retrieved on: 
Wednesday, April 3, 2024
Legal, Professional Services, Storm, Electricity, Winter storm, CenterPoint Energy, Personal injury, Luminant, NRG, American Electric Power, Supreme Court of Texas, Death, Freezing, Oncor Electric Delivery, ERCOT, Exelon, Tobacco

A three-judge panel of the Texas 14th Court of Appeals in Houston has unanimously ruled that Winter Storm Uri-related lawsuits against Texas electric transmission and distribution utilities (TDUs) can move forward to trial.

Key Points: 
  • A three-judge panel of the Texas 14th Court of Appeals in Houston has unanimously ruled that Winter Storm Uri-related lawsuits against Texas electric transmission and distribution utilities (TDUs) can move forward to trial.
  • “It was a conscious decision to cut off power to certain neighborhoods and several people lost their lives as a result.
  • In 2023, the Texas Supreme Court found that ERCOT, the nonprofit corporation operating the state’s electrical grid, qualified for sovereign immunity from litigation.
  • Winter Storm Uri brought near-zero-degree temperatures and freezing rain to Texas in February 2021.

ComEd Joins Village of University Park, Will County Department of Health, Crete-Monee School District 201U & Other Community Organizations to Bring Support Services Directly to Families in Need

Retrieved on: 
Wednesday, March 20, 2024
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, EXC, Electricity, Education, Community health, Senior, Village, Exelon, Commonwealth, Commonwealth Edison

To help individuals and families gain access to critical support services, including utility bill assistance, ComEd today joined a community resource fair organized by the Village of University Park, the Will County Department of Health, Crete-Monee School District 201U and other community organizations to bring much-needed services directly to those who need it most.

Key Points: 
  • To help individuals and families gain access to critical support services, including utility bill assistance, ComEd today joined a community resource fair organized by the Village of University Park, the Will County Department of Health, Crete-Monee School District 201U and other community organizations to bring much-needed services directly to those who need it most.
  • ComEd’s appearance at the Community Health, Education, Jobs & Trades Resource Fair marks the first in a series of community events ComEd will attend in 2024.
  • “ComEd is proud to work with local organizations across the village of University Park to help bring resources directly to families and individuals,” said Melissa Washington , ComEd's Chief Customer Officer and Senior Vice President of Customer Operations.
  • ComEd’s participation in community resource fairs is the latest in an ongoing effort to expand the range of support options available to customers, particularly income-eligible families and individuals.

ComEd Refiles Multi-Year Grid Plan to Advance Region’s Economic, Climate and Equity Goals

Retrieved on: 
Thursday, March 14, 2024
Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Climate Change, EXC, Electricity, ICC, Partnership, CEJA, Climate, Commission, PA Consulting Group, Illinois Commerce Commission, Exelon, Commonwealth, Commonwealth Edison, Renewable energy

In December of 2023, the ICC rejected ComEd’s original multi-year grid plan, requiring ComEd to file a revised grid plan in 90 days, and asking the company for a plan that includes additional focus on affordability, cost effectiveness and benefits to equity investment eligible communities (EIECs).

Key Points: 
  • In December of 2023, the ICC rejected ComEd’s original multi-year grid plan, requiring ComEd to file a revised grid plan in 90 days, and asking the company for a plan that includes additional focus on affordability, cost effectiveness and benefits to equity investment eligible communities (EIECs).
  • “We heard the Commissioners’ concerns and have worked diligently these past three months to create a plan that is responsive to their feedback while positioning ComEd to help the state achieve its clean energy and equity goals,” said Gil Quiniones, ComEd President and CEO .
  • As electricity plays a larger role in the daily lives of customers and communities, the need to preserve ComEd’s nation-leading reliability is critical.
  • For the second year in a row, it was recognized by PA Consulting, which named ComEd the most reliable utility in the U.S in 2023.

ComEd Proposes Discount Program to Reduce Energy Burden for Income-Eligible Customers

Retrieved on: 
Tuesday, March 12, 2024
Philanthropy, Other Energy, Utilities, Oil, Gas, Other Philanthropy, Energy, EXC, Electricity, PIPP, SARP, ICC, Percentage, FPL, Laas, LIHEAP, Commission, Illinois Commerce Commission, Government, LID, Exelon, Commonwealth, Commonwealth Edison

ComEd yesterday presented a proposal to the Illinois Commerce Commission (ICC) outlining a new Low-Income Discount (LID) program to help income-eligible customers manage their energy bills.

Key Points: 
  • ComEd yesterday presented a proposal to the Illinois Commerce Commission (ICC) outlining a new Low-Income Discount (LID) program to help income-eligible customers manage their energy bills.
  • The proposed program would enable qualifying customers to receive a percentage-based discount on their monthly electric bill determined by income level.
  • “ComEd’s newly proposed low-income discount program builds upon our longstanding commitment to keep bills affordable for all customers,” said Gil Quiniones , President and CEO, ComEd.
  • The program will also promote opportunities for low-income households to participate in the ComEd Energy Efficiency Program, which helps customers manage energy use to save money on future energy bills.

ComEd Earns National Recognition for Outstanding Outage Management in 2023

Retrieved on: 
Tuesday, March 5, 2024
Utilities, Energy, Aircraft, Commonwealth Edison, Tornado, Chicago Fire Department, EEI, Weather, UAS, Gold, Climate change, Attention, EXC, Exelon, Communication, Electricity, Commonwealth, Emergency management, PA Consulting Group, Face, Renewable energy

Following the honor of being named the nation’s most reliable utility in 2023 , ComEd today announced that it has been recognized by Chartwell , a utility-focused research organization, with three awards for its outstanding outage management in 2023.

Key Points: 
  • Following the honor of being named the nation’s most reliable utility in 2023 , ComEd today announced that it has been recognized by Chartwell , a utility-focused research organization, with three awards for its outstanding outage management in 2023.
  • The Chartwell Outage Best Practices Awards recognize excellence among electric and gas utilities in the areas of Outage Operations and Outage Communications.
  • ComEd also received the Bronze Outage Operations Award for is Area Restoration Management teams, a new approach to managing restoration efforts in hard-hit regions.
  • Earlier this year, ComEd received two awards for exceptional response efforts in 2023 from EEI and also received the 2023 Reliability One® Outstanding System Reliability Award , presented to ComEd by PA Consulting in November of 2023.

ComEd Announces New EV Rebates for Business and Public Sector Customers; Applications to Open February 15

Retrieved on: 
Thursday, February 8, 2024
Environment, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Vehicle Technology, Other Energy, Green Technology, Energy, Fleet Management, Carbon, Environmental law, EPA, Commonwealth, Metropolitan, Level 2, Air pollution, Transport, Exelon, McCormick Place, Anxiety, Climate change, EVS, Climate, Electricity, CEJA, Student, Local government, Investment, Health, Atmosphere, DCFC, Entrepreneurship, Public sector, Policy, Respiratory Health Association, EXC, Commercial, Senior, Chicago Auto Show, Asthma, REV

The two new EV rebate programs will begin accepting applications on February 15, 2024, with funds awarded on a first come, first served basis.

Key Points: 
  • The two new EV rebate programs will begin accepting applications on February 15, 2024, with funds awarded on a first come, first served basis.
  • New EV rebates for businesses and public sector customers follows the recent launch of the EV Charger and Installation Rebate Program for residential customers, for which customer can apply for by visiting ComEd.com/Clean .
  • “ComEd’s new EV programs complement state and federal incentives designed to boost EV adoption and charging buildout on a larger scale.
  • For more information on eligibility and to apply for new EV rebates on or after February 15th, visit www.comed.com/clean .

Illinois American Water President Rebecca Losli Named Chairperson of the Illinois Utilities Business Diversity Council

Retrieved on: 
Thursday, February 8, 2024
Professional Services, DEI (Diversity, Equity and Inclusion), Philanthropy, Environmental, Social and Governance (ESG), Utilities, Other Philanthropy, Energy, SVKM's NMIMS, Nicor Gas, American Water Works, Multimedia, Empowerment, Commonwealth Edison, Exelon, Kellogg School, Annual general meeting, Education, Northwestern University

Rebecca Losli, president of Illinois American Water, has been appointed chairperson of the board of the Illinois Utilities Business Diversity Council (IUBDC).

Key Points: 
  • Rebecca Losli, president of Illinois American Water, has been appointed chairperson of the board of the Illinois Utilities Business Diversity Council (IUBDC).
  • Losli succeeds chairman and president of Ameren Illinois, Lenny Singh, who led the IUBDC in 2023, and remains an active member of the IUBDC Board of Directors.
  • Charter members include Ameren Illinois, Commonwealth Edison, Illinois American Water, Nicor Gas, North Shore Gas and Peoples Gas.
  • “IUBDC provides a unique platform for collaboration among the large utilities in Illinois,” said Losli.

ComEd Encourages Residential Customers to Apply for New EV Charger and Installation Rebate

Retrieved on: 
Thursday, February 1, 2024
Environment, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Utilities, Professional Services, Green Technology, Energy, DEI (Diversity, Equity and Inclusion), Environmental, Social and Governance (ESG), Anxiety, Commonwealth, Policy, EIEC, CEJA, City, Public sector, Fear, EXC, Metropolitan, Commonwealth Edison, Transport, Climate change, SVP, Air pollution, Respiratory Health Association, Kyōto Station, EVS, Exelon, Electricity, Asthma

Through the $5 million EV Charger and Installation Rebate Program , ComEd customers can receive rebates of up to $3,750 to offset the cost of purchasing and installing a Level 2 charger in their home in 2024.

Key Points: 
  • Through the $5 million EV Charger and Installation Rebate Program , ComEd customers can receive rebates of up to $3,750 to offset the cost of purchasing and installing a Level 2 charger in their home in 2024.
  • “ComEd is thrilled to launch our new EV Charger Rebate program as part of our ongoing work to accelerate the benefits of transportation electrification throughout northern Illinois,” said Melissa Washington , SVP of Customer Operations and Chief Customer Officer at ComEd.
  • This EV charger and installation rebate program is part of a multi-year investment by ComEd , launched last year to accelerate adoption of electrified technologies, including EVs.
  • The new charger rebate program for residential customers aims to significantly expand access to charging equipment, eliminating one of the key demonstrated barriers to EV adoption.

ComEd Customers Benefit from Nation-Leading Reliability, Clean Energy Gains

Retrieved on: 
Wednesday, January 31, 2024
EV, Electric Vehicles, Other Energy, Utilities, Philanthropy, Sustainability, Alternative Energy, Alternative Vehicles, Fuels, Energy, Automotive, Environment, Fund Raising, Green Technology, Other Philanthropy, Partnership, The arts, Commonwealth, Solar energy, CEAA, CEJA, Public sector, Wind, EXC, STEM, Learning, Commonwealth Edison, Economic development, Climate change, PA Consulting Group, Mentorship, Weather, Female, Climate, Education, EVS, Exelon, Student, Electricity, Wilton Center Historic District, ASME, Organization, Renewable energy

ComEd residential customers’ average monthly bills remained comparable to those of other utilities serving the nation’s top metropolitan areas.

Key Points: 
  • ComEd residential customers’ average monthly bills remained comparable to those of other utilities serving the nation’s top metropolitan areas.
  • To reduce the burden for those facing economic hardship, ComEd connected more than 198,000 customers to over $94 million in financial assistance and other support options.
  • ComEd’s service territory is a national leader in clean energy: In 2023, enough clean energy was available to meet 96 percent or more of our customers’ energy consumption with clean energy sources, with plans to reach 100 percent thanks to CEJA (Climate and Equitable Jobs Act).
  • Find out more in ComEd 2030 – the company’s vision for advancing a low-carbon future that will benefit all communities.