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Mayor Emanuel, GE, Silver Spring Networks and ComEd Announce Multiyear Smart Meter Contracts, Bringing Millions of Dollars in

 Mayor Emanuel, GE, Silver Spring Networks and ComEd Announce Multiyear Smart
   Meter Contracts, Bringing Millions of Dollars in Investment and Jobs to
                                   Chicago

GE to manufacture smart meters in Chicago, Silver Spring Networks to open new
office here

PR Newswire

CHICAGO, July 9, 2013

CHICAGO, July 9, 2013 /PRNewswire/ -- City of Chicago Mayor Rahm Emanuel
joined GE, Silver Spring Networks and ComEd today at a GE manufacturing
facility on the south side of Chicago to announce new Smart Grid contracts
that will bring millions of dollars of investment and new jobs to Chicago. GE
announced today that it will manufacture smart meters on the city of Chicago's
south side, and that it will seek to hire local residents to build these
meters.

Additionally, ComEd laid out the general schedule for installation of smart
meters throughout the city of Chicago. The city's south side will start to
receive the new meters in 2014 and will have the network fully in place by
2016; at that point the north side will begin to receive the meters and will
have them by 2018. By 2018, each of the city's 1.3 million homes or businesses
is expected to have a smart meter.

"Chicago's new Smart Grid is substantially increasing economic opportunity for
the City, by adding both manufacturing and professional jobs, opening new
offices and facilities, and helping Chicago residents conserve electricity and
save money," said Mayor Emanuel. "A modern, high-tech electric infrastructure
is essential for Chicago's global economic competitiveness."

ComEd and GE are partnering on a $200 million contract for GE to manufacture
and deliver approximately 4 million smart meters, which ComEd will install for
all customers beginning this September through 2021. GE will assemble the
smart meters in Chicago at a south side factory, creating approximately 50
jobs. Smart meters provide timely data to electricity users about how much
power they're using, giving customers more control over their energy use.

Silver Spring Networks, which provides the technology platform for ComEd's
smart grid network, will also open a new facility in Chicago that will house
dozens of new technology jobs and a next-generation network operations center
to serve Smart Grid projects in Illinois and across the Midwest. That
facility, which was announced by Mayor Emanuel in January 2012, is being
implemented now and is currently being staffed.

"Our $2.6 billion Smart Grid investment will benefit Chicago—and all our
customers—by strengthening the local economy, creating jobs, attracting new
businesses to Chicago and giving more choice and control to our customers,"
said Anne Pramaggiore, president and CEO, ComEd. "In 2012, we initiated
programs to improve our grid by adding new smart technology -- smart switches
that reroute power in the event of outages and smart sensors that monitor
critical equipment. We are excited to now launch our final and largest smart
grid program -- smart meters -- and to begin to deliver the benefits they can
bring to consumers."

"The Illinois Smart Grid program will provide ComEd's customers with the
benefits of a modern grid and help GE grow its local workforce in Chicago,"
said Mark Hura, general manager of sales in North America, GE Digital Energy.
"This program allows us to be local with our customer by adding positions
focused on the assembly of smart meters, a technology that offers a range of
benefits to consumers such as shortened restoration time in the event of an
outage. ComEd is a valued customer to GE, as demonstrated by our long
standing relationship and our recent successful smart meter pilot program. We
look forward to working with ComEd to make grid modernization a reality in
Chicago, and all of ComEd's service territory."

"As the leading company delivering the technology and network solutions that
implement the smart grid, Silver Spring Networks is proud to be among the
companies that are investing in Chicago, creating jobs and boosting the local
economy," said Scott Lang, chairman, president and CEO, Silver Spring
Networks. "As we work with ComEd to begin full-scale deployment, we plan to
open a new office in Chicago and establish a network operations center that
will create dozens of new high-tech jobs."

A smart meter is a digital electric meter that collects electricity usage
information every 30 minutes and sends that information to ComEd through a
wireless connection. Customers can get access to their individual usage data
and electricity costs at any time, and make more informed decisions about how
and when they use electricity. Additionally, when fully functional, smart
meters will alert ComEd to power outages automatically—without requiring
customers to contact ComEd—and help pinpoint the source of the problem so
ComEd can restore power faster. Smart meters also eliminate estimated bills
and cut down on electricity theft, saving ComEd and customers money.

As part of its smart grid work, ComEd is participating in the creation of the
Energy Foundry, an early-stage impact venture fund created to support
game-changing grid and energy ideas, and to empower consumers to harness the
benefits of the energy-tech revolution. The initial source of funding totaled
$22.5 million and was provided by ComEd and Ameren. During the lifetime of
the Energy Foundry, outside public and private sources also may contribute
resources. In partnership with the Energy Foundry, ComEd will establish a
smart grid test bed to serve as a venue for Energy Foundry participants, and
others, to develop new smart grid technologies.

To bring more jobs to its workforce, ComEd is also piloting a new Construction
Jobs Educational Pilot Program to provide candidates interested in
construction fields with the training, information and guidance needed to
compete for good-paying, entry-level jobs in construction-related fields. The
program will run in parallel at three sites across the Chicagoland area by
Bethel New Life, Chicago Urban League, and the National Latino Education
Institute. The pilot aims to provide 40 participants with career guidance,
life skills training, and practical education about the construction industry,
as well as the requirements for entering this industry.

ComEd is investing $2.6 billion over 10 years in a modern grid that will
reduce power outages and give customers more choice and control over their
energy use. More than $1.3 billion of that investment is earmarked to build a
Smart Grid network and install 4 million smart meters in all Northern Illinois
homes and businesses. ComEd's modernization efforts are designed to reduce
outages by 700,000 per year, saving customers an estimated $100 million in
outage-related costs.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com. Follow GE Energy Management and its
Digital Energy business on Twitter @GE_EnergyMgmt and @YourSmartGrid.

About Silver Spring Networks

Silver Spring Networks is a leading networking platform and solutions provider
for smart energy networks. Our pioneering IPv6 networking platform, with 16.5
million Silver Spring enabled devices delivered, is connecting utilities to
homes and business throughout the world with the goal of achieving greater
energy efficiency for the planet. Silver Spring's innovative solutions enable
utilities to gain operational efficiencies, improve grid reliability, and
empower consumers to monitor and manage energy consumption. Silver Spring
Networks is used by major utilities around the globe including Baltimore Gas &
Electric, CitiPower & Powercor, Commonwealth Edison, CPS Energy, Florida Power
& Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco
Holdings, Inc., Progress Energy, and Singapore Power, among others. To learn
more, please visitwww.silverspringnet.com.

About ComEd

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, 312-394-3500; Allison Lilly, GE Digital
Energy, Allison.Lilly@ge.com, 678-742-1371; Noel Hartzell, Global
Communications, Silver Spring Networks, 650-839-4184,
nhartzell@silverspringnet.com; Mayor's Press Office, 312-744-3334,
press@cityofchicago.org
 
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