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House Public Utilities Committee Passes Bill to Move Smart Grid Forward

   House Public Utilities Committee Passes Bill to Move Smart Grid Forward

House Bill 2529 restores funding for grid modernization program that will
improve reliability and create 2,000 full-time equivalent jobs

PR Newswire

SPRINGFIELD, Ill., March 12, 2013

SPRINGFIELD,Ill., March 12, 2013 /PRNewswire/ --Today, the Illinois House
Public Utilities Committee passed House Bill 2529 by a vote of 21 to 0. The
legislation clarifies existing language in the Smart Grid law enacted in 2011
to get Illinois' electric grid modernization efforts back on track, and
ensures the state's economy and consumers reap the full benefits of improved
reliability, job creation and investment in the state's infrastructure, while
maintaining strong consumer protections. The vote comes after the Senate
Executive Committee's 14-0 passage of Senate Bill 9 last month.

"The passage of HB 2529 by the House Public Utilities Committee is a positive
development for ComEd customers and the entire state of Illinois," said Anne
Pramaggiore, ComEd president and CEO. "We are grateful to Representative Lou
Lang for leading efforts to make grid modernization a priority in the House.
This legislation will help ComEd build a modern grid to reduce power outages,
give customers more choice and control over their energy use, and create
thousands of much-needed jobs."

Under the Smart Grid law, ComEd committed to spend $2.6 billion over 10 years
to modernize the electric grid in Northern Illinois. In its first Smart Grid
law rate case, the ICC's interpretation of the law reduced funding by nearly
$100 million per year beginning in 2014 and beyond. This funding is essential
to investing in the modernization program required by law. As a result, ComEd
had to postpone deployment of key initiatives, including the installation of
smart meters, until 2015. However, if HB 2529 is enacted this Spring session,
ComEd will be able to accelerate its meter installations to begin in 2013.

"House Bill 2529 will give the Illinois economy a boost, provide better
service for customers, and maintain our state's competitiveness in the new
digital economy," said Representative Lou Lang, who sponsored the bill. "This
legislation resolves the issues that have threatened to delay Smart Grid. It's
time to get it back on track."

Despite the regulatory challenges, last year ComEd's $165 million in grid
modernization efforts created more than 700 jobs. The utility also built a
new, state-of-the-art training center in Rockford, enhanced storm-hardening to
minimize storm-related outages, and installed over 470 smart switches, devices
that re-route power in the event of a fault, avoiding 82,000 customer outages
in 2012. Ultimately, ComEd's modernization efforts are designed to reduce
outages by 700,000 per year, saving customers an estimated $100 million in
outage-related costs.

"We enthusiastically support this legislation and the thousands of badly
needed jobs in Illinois it will help create and protect," said Dean Apple,
president and business manager of IBEW Local 15. "To remain competitive and
attract the workforce of tomorrow, Illinois regulators and elected officials
must support policies that attract smart grid investments for the 21^st
century 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

Website: http://www.exeloncorp.com
Contact: ComEd Media Relations, +1-312-394-3500