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Exelon Corporation (EXC) operates at the forefront of energy delivery through its regulated utilities and competitive power generation services. This dedicated news hub provides investors and industry stakeholders with timely updates on EXC's strategic initiatives, financial performance, and operational milestones.
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ComEd has restored power to over 100,000 customers in northern Illinois following severe storms that affected approximately 125,000 customers. The utility surpassed its goal to restore 80 percent of services by 3 PM on June 14, with about 13,000 customers still without power as of that time. To assist those without service, ComEd has deployed cooling buses and care vans in various locations. The utility is prioritizing critical services and plans for further restoration efforts.
ComEd has restored power to nearly 80,000 customers after severe storms caused outages for over 125,000 in northern Illinois. As of 4 a.m. on June 13, about 47,000 remain without power, with restoration efforts ongoing. Over 500 crews are working continuously, and 80% of remaining customers are expected to have power restored by 3 p.m. on June 14. ComEd emphasizes safety and encourages reporting downed wires immediately. For updates, customers can sign up for alerts and use the mobile app.
ComEd is preparing for severe weather in northern Illinois, including thunderstorms and high temperatures. The company has activated its Emergency Operations Center and deployed additional crews to address potential power outages. ComEd has successfully prevented over 17 million customer interruptions since 2012 through smart grid investments. The company prioritizes restoring power to critical facilities first, emphasizing public safety. Customers are encouraged to report outages by texting OUT to 26633 and can track outages via ComEd's website and mobile app.
Constellation, based in Warrenville, Illinois, has engaged over 13,000 workers to perform maintenance and technology upgrades during six spring refueling outages at its nuclear plants. These efforts aim to ensure continuous, safe, carbon-free electricity for 15 million customers during the upcoming summer months. Key activities included inspecting and refurbishing critical components and completing extensive technical projects. The maintenance is expected to enhance reliability and potentially stabilize electricity prices in Illinois, while the Climate & Equitable Jobs Act could yield $1 billion in benefits for local ratepayers.
ComEd has requested $50 million from the Illinois Commerce Commission to enhance energy efficiency programs and support the Climate and Equitable Jobs Act (CEJA). If approved, this would increase residential bills by approximately 30 cents starting in January 2023. ComEd's initiatives have saved customers $6.4 billion since 2008. New measures will enable customers to electrify vehicles and heating systems, while dedicated funding of $10 million annually will assist low-income customers. CEJA aims to reduce carbon emissions and improve energy efficiency.
ComEd is launching its Summer Solstice Photo Contest from June 1 to June 21, inviting residents of northern Illinois to submit sunrise and sunset photos. The contest aims to promote solar energy education while celebrating the summer season. Last year's contest received 1,816 entries. Prizes include four Apple Watch Series 7 devices and a private tour at the Adler Planetarium. Over 26,000 solar systems are connected to ComEd's smart grid, with an expectation of over 80 community solar projects by year-end.
Exelon Foundation has awarded scholarships worth
ComEd achieved $893 million in diverse supplier spending in 2021, representing 42% of its total procurement. This brings its total spend on diverse suppliers to $6.4 billion since 2012, with $641 million spent locally in Illinois. ComEd collaborates with 662 diversity-certified suppliers and emphasizes support through the Clean Energy Act, enhancing opportunities for diverse suppliers in energy efficiency. The report highlights partnerships with notable companies and showcases the growing impact on local economies, contributing $11.8 billion to Illinois GDP from diverse supplier spending between 2017 and 2020.
ComEd is urging eligible Illinois residents to apply for the Low Income Home Energy Assistance Program (LIHEAP) before the May 31 deadline. The program offers financial assistance for energy costs, particularly amid economic challenges from the pandemic and inflation. ComEd provides additional support through its Supplemental Arrearage Reduction Program (SARP) and various billing options, including deferred payment arrangements and budget billing. Customers can utilize the Smart Assistance Manager for personalized assistance and energy-saving options.
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