ComEd's Grid Modernization Work Created More Than 700 Jobs Through Third Quarter 2012

   ComEd's Grid Modernization Work Created More Than 700 Jobs Through Third
                                 Quarter 2012

ComEd invested $80 million in contracts to area suppliers in 2012

PR Newswire

CHICAGO, Nov. 27, 2012

CHICAGO, Nov. 27, 2012 /PRNewswire/ --ComEd reports that work directly
related to the Energy Infrastructure Modernization Act (EIMA) enacted last
year created more than 700 jobs from January through September 2012, with more
than 100 jobs created in the third quarter alone. These include jobs at ComEd
as well as contractor and supplier positions involving a broad range of
functions required to build a 21st century electric grid, from construction
and engineering to consulting and administration.

"Creating the energy infrastructure of tomorrow is putting hundreds of people
to work today in good-paying jobs," said Anne Pramaggiore, president and CEO,
ComEd. "It gives us great pride to be able to contribute to the Illinois
economy and improve the reliability of our electric grid, which helps promote
business growth and development in our state."

With passage of EIMA, ComEd embarked on a 10-year, $2.6 billion program to
modernize the power system in northern Illinois. The EIMA investments also
have provided an important boost to local manufacturers, suppliers and service
providers with the expertise needed to support the electrical system upgrade.
Through October 2012, ComEd has awarded $80 million in contracts to companies
providing services and products ranging from engineering to cable to smart
switches.

"The grid modernization program has allowed us to create new jobs that
otherwise wouldn't have existed," said Loretta Rosenmayer, founder and CEO of
INTREN, a firm that is assisting ComEd with cable replacement work, storm
hardening and pole replacement.

INTREN is one of several Illinois firms partnering with ComEd to bring grid
modernization benefits to ComEd customers. Other firms include Meade Electric,
S&C Electric, G&W Electric, Aldridge Electric and General Cable. Growing
Chicago-based firms, such as PMI Energy Solutions, Primera, and MZI Group,
also are realizing new opportunities through the grid modernization effort.
Choctaw-Kaul, a Native American-owned distributor of safety products, recently
opened a new distribution center near Midway airport as a result of the EIMA
program.

ComEd's grid modernization program hit the ground running in January, with
ComEd working at an accelerated pace that is already bringing benefits to
customers throughout northern Illinois. Major EIMA accomplishments in 2012 to
date that are improving reliability for customers include:

  oInstalling approximately 380 distribution automation devices, or "smart
    switches," which have prevented 70,000 power outages this year;
  oReplacing or refurbishing more than 360 miles of underground residential
    cable – double the pace of any previous year;
  oReplacing approximately 32 miles of mainline cable this year – nearly
    three times the annual average – for a total of 44 miles by year-end;
  oRepairing or replacing more than 2,300 utility poles – more than 75
    percent above average – for a total of 2,500 by year-end; and
  oAssessing 6,850 manholes and refurbishing 3,800.

While grid modernization work continues, the pace is slowing from earlier this
year as a result of a ruling by the Illinois Commerce Commission (ICC) that
reduced the funding available for the program. Following this ruling in May,
the company sought rehearing on 13 issues, and the three largest were
reconsidered in rehearing. Only one of these decisions was reversed by the ICC
when it ruled on the rehearing Oct. 3. As a result, ComEd will face a
reduction in funding of nearly $100 million per year in 2014 and beyond. These
dollars cannot be recovered and subsequently reinvested into the system. ComEd
has appealed the decision in court. In the meantime, ComEd is proceeding with
about 75 percent of the core grid modernization programs as planned, while
postponing the deployment of additional smart meters until 2015.

"We were able to make significant progress on our grid modernization so far
this year because, under the EIMA legislation, we were assured that our
investments in the system would be fully recovered," said Pramaggiore, who
became CEO in February of this year. "We hope to reach a positive outcome soon
so that we can deliver the promised reliability improvements, cost-savings and
customer service benefits to our customers and create 2,000 jobs as required
by the legislation and further boost the Illinois economy."

Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon
Corporation (NYSE: EXC), the nation's leading competitive energy provider,
with approximately 6.6 million customers. ComEd provides service to
approximately 3.8 million customers across northern Illinois, or 70 percent of
the state's population.



SOURCE ComEd

Contact: ComEd Media Relations, +1-312-394-3500
 
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