Smart Grid Program Created Nearly 2,700 Jobs in First Quarter 2013
Grid modernization work expected to create more jobs and business growth
CHICAGO, May 21, 2013
CHICAGO, May 21, 2013 /PRNewswire/ --ComEd announced that work related to the
Smart Grid program created nearly 2,700 full-time equivalent jobs in the first
quarter of 2013. These include nearly 900 direct full-time equivalent jobs at
the utility and its contractors as submitted in a report to the Illinois
Commerce Commission, plus nearly 1,800 indirect full-time equivalent
The report showed that the grid modernization program produced 896 full-time
equivalent positions, including 313 at the utility and 583at its
contractors. In addition, based on the proportion of direct to indirect jobs
created by the program in 2012, ComEd estimates that 1,792 indirect jobs were
generated in the first quarter among a variety of businesses that benefit from
the ripple effect of capital spending. Throughout 2012, the Smart Grid program
created 785 full-time equivalent jobs at the utility and its contractors along
with an estimated 1,700 indirect jobs.
"The Smart Grid program continues to create new opportunities at ComEd, among
labor and supplier partners, and at other businesses benefitting indirectly as
we build a 21st century electric grid," said Anne Pramaggiore, president and
CEO, ComEd. "This important work is strengthening our system, improving
reliability and helping keep Illinois competitive in a digital economy that
requires high quality electric service."
Smart Grid job creation will continue to grow with the enactment of Senate
Bill 9, which will put the program back on track by clarifying language in the
original law. Smart Grid deployment, which began in January of 2012, has
provided an important boost to local manufacturers and service providers with
the expertise needed to support the electrical system upgrade.
"Because of the Smart Grid program, we are working with ComEd to accelerate
the installation of distribution automation technology, which is recognized
globally for the customer benefits it provides," said John Estey, executive
chairman of S&C Electric Company in Chicago. "The technology creates a
self-healing capability that is already reducing the frequency and duration of
customer interruptions in northern Illinois."
The Smart Grid law passed in 2011 authorized ComEd to invest $2.6 billion over
10 years to modernize the electric grid in northern Illinois, over $1.3
billion of which is earmarked to build a Smart Grid network and install smart
meters in four million homes and businesses.
ComEd's grid modernization plan for 2013 includes $148 million in capital
investments dedicated to system reliability, including the inspection and
refurbishment of cable, poles and manholes, along with storm hardening to
improve resiliency of circuits especially susceptible to storms.
The utility will also invest approximately $80 million in Smart Grid
technology this year, including the digital upgrading of two ComEd substations
with micro-processor relays. ComEd also will add more than 600 distribution
automation devices that automatically reroute power around potential problem
areas, often with no noticeable interruption in service.
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.
Contact: ComEd Media Relations, (312) 394-3500
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