Commonwealth Edison (ComEd)
"The energy transformation will last decades, not years, which is why we are confident that investment opportunities will continue to strengthen and lengthen our rate base growth,” CEO Calvin Butler said.
The PJM Markets and Reliability Committee overrode concerns from Illinois consumer advocates and regulators to create a fifth cost of new entry area for the Commonwealth Edison region.
The PJM Market Implementation Committee endorsed the creation of a fifth cost of new entry area for the Commonwealth Edison zone, as well as two proposals aiming to limit the prospective performance impact of implementing multi-schedule modeling in the market clearing engine.
The Planning Committee endorsed the recommended values in the 2023 Reserve Requirement Study, which would increase the amount of reserves that PJM aims to procure for the 2027/28 delivery year.
Exelon utilities will work on transmission upgrades as the Brandon Shores coal-fired power plant prepares for deactivation.
Six Exelon utilities have agreed to pay ReliabilityFirst $1.8 million for violating NERC's reliability standards.
FERC ordered show-cause proceedings for Commonwealth Edison’s formula rate protocols, saying that they may not provide adequate transparency.
Exelon leadership charted out the company’s path to maintaining its growth targets while implementing plans to comply with state environmental legislation.
The convergence of the electric grid and telecommunications system is inevitable, critical and underway, says Commonwealth Edison CEO Gil Quiniones.
Illinois’ climate goals could cost other states in PJM and MISO tens of millions in transmission upgrades as coal and natural gas power plants are retired.
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