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Chicago-based ComEd has filed its annual delivery service rate update with the Illinois Commerce Commission (ICC) to reflect grid modernization and other service-enhancing investments. If the ICC approves the filing, ComEd's delivery service charges would increase by about $5 on the average monthly residential bill starting in January 2014.

However, the utility says the increase will have already been offset by a 17% drop in total average bills that starts this June for customers on ComEd supply, meaning customers will still be paying about 10% less on their electric bill in 2014 than they are today.

"The investments we're making today will create long-term benefits and savings for our customers," comments Anne Pramaggiore, president and CEO of ComEd. "This work is already improving system performance and customer satisfaction and creating jobs in Illinois. Making these long-term investments now, when energy supply costs are low, keeps customers' total bills stable."  

ComEd also filed with the Federal Energy Regulatory Commission (FERC) for its annual adjustment in transmission rates, which would mean an increase of about $1 on the average monthly ComEd residential customer bill. The utility says this charge goes toward investments in high-voltage lines to improve system reliability, partly as the result of coal plant retirements and increasing wind power on the system.

While the utility’s smart meter installation is currently set to begin in 2015, ComEd says it could start this year if S.B.9, legislation to help the utility recover costs related to its smart grid efforts, is enacted this spring. The measure recently passed in the Illinois Senate and House and has been sent to Gov. Pat Quinn for his signature. 



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