Legislators Enact Senate Bill 9, Putting Smart Grid Back on Track

      Legislators Enact Senate Bill 9, Putting Smart Grid Back on Track

Smart meter installations to begin later this year, adding jobs and boosting
Illinois economy

PR Newswire

CHICAGO, May 22, 2013

CHICAGO, May 22, 2013 /PRNewswire/ --The Illinois General Assembly overrode a
veto to enact Senate Bill 9, getting the state's Smart Grid program back on
track. The law, which takes effect immediately, ensures ComEd can invest in a
modern grid that will reduce power outages and give customers more choice and
control over their energy use. ComEd's modernization efforts are designed to
reduce outages by 700,000 per year, saving customers an estimated $100 million
in outage-related costs.

Senate Bill 9 served to clarify existing language in the original Smart Grid
law. The Illinois Commerce Commission participated in developing the bill's
language and retains its regulatory oversight over ComEd.

"Thanks to the leadership demonstrated by the Illinois General Assembly, ComEd
now can get the Smart Grid program back on track and work toward delivering on
the full promise of this program to our customers," said Anne Pramaggiore,
president and CEO, ComEd. "We are starting immediately to accelerate smart
meter installation and other work to improve reliability, provide new ways to
save energy and money, and serve as a shot in the arm to our state's economy."

With the law's enactment, ComEd can begin installing smart meters to customers
in the fourth quarter of 2013. The installations will continue through 2021.
Smart meters provide real-time data to electricity users about how much power
they're using, giving customers more control over their energy use. Several
businesses plan to open new facilities in Illinois to support the manufacture
and installation of the meters, creating hundreds of additional jobs in our
state. Already, three companies have set up new offices in Illinois to support
the Smart Grid, and the program has created more than 2,700 full-time
equivalent jobs.

"This legislation will mean improved and more reliable electric service for
Illinois residents, and it will create jobs and spur economic development,"
said Representative Lou Lang (D-Skokie), chief House sponsor of the
legislation. "Now that this bill has become law, electric utilities can
proceed with investing millions of dollars into Illinois' economy and create
thousands of new jobs."

A wide range of Illinois stakeholders support the Smart Grid, including
leading environmental groups, labor unions, chambers of commerce, municipal
officials and minority organizations.

"Modernizing the electric grid will put Illinoisans back to work in
good-paying jobs," said Michael Carrigan, president, Illinois AFL-CIO. "This
law has already employed thousands of workers and provided an economic boost
to our manufacturers, suppliers and service companies. Local and out-of-state
companies now are ready to expand in Illinois and hire more workers here to
participate in the Smart Grid."

"This law will create jobs and help give our communities a competitive
advantage in the digital economy for decades to come," said Larry Ivory,
president, Illinois Black Chamber of Commerce. "Residents, workers and
businesses in our communities will see benefits from the Smart Grid."

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, 312-394-3500
 
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