Smart Grid Program Supported More Than 3,000 Jobs in Second Quarter
Grid modernization work expected to create more jobs as smart meter deployment
CHICAGO, Sept. 9, 2013
CHICAGO, Sept. 9, 2013 /PRNewswire/ -- ComEd announced that work related to
the Smart Grid program resulted in more than 3,000 full-time equivalent jobs
in the second quarter of 2013. These include more than 1,000 direct full-time
equivalent jobs at the utility and its contractors as submitted in a report to
the Illinois Commerce Commission, plus more than 2,000 induced full-time
The report showed that the grid modernization program supported 1,036
full-time equivalent positions, including 289 at the utility and 747 with its
contractors. In addition, based on the proportion of direct to induced jobs
created by the program in 2012, ComEd estimates that 2,072 induced jobs were
generated in the second quarter as a result of the ripple effect of capital
spending. This represents an additional 300 jobs over the first quarter when
the grid modernization program resulted in nearly 2,700 full-time equivalent
positions. The increase can be attributed to the continued ramp-up in
infrastructure and smart meter investments. Last year, the Smart Grid work
created 785 full-time equivalent jobs at the utility and its contractors along
with an estimated 1,700 induced jobs.
"Grid modernization is proving to be an even stronger economic engine than we
anticipated," said Anne Pramaggiore, president and CEO, ComEd. "It is
creating good-paying jobs at ComEd and among our contractors, and these
positions are having a significant ripple effect in the broader economy. The
program will continue to make a positive economic impact, especially as we
begin installing smart meters in 4 million homes and businesses in northern
Smart Grid deployment, which began in January 2012, has provided an important
boost to Illinois companies with the expertise needed to support the
modernization, such as Intren, Inc. A specialist in construction for the
utility industry, Intren is playing a key role in ComEd's accelerated efforts
to refurbish and replace underground residential cable, which is reducing the
number and length of power outages.
"Under ComEd's grid modernization program, they've replaced hundreds of miles
of underground cable so far this year, working at twice the normal rate," said
Intren CEO Loretta Rosenmayer. "This increased investment resulted in work
for 212 full-time equivalent positions at Intren in the second quarter, and
we're excited to be contributing to the important job of modernizing the
electric system serving our region."
Based in Union, Ill., Intren is one of a growing number of minority and
women-owned enterprises (MWBE) participating in the grid modernization
program. Under the Smart Grid law passed in 2011, ComEd committed to
increasing opportunities for MWBE companies by 15 percent over a 10-year
period, representing millions of dollars in additional spending.
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 install digital smart meters in 4 million
homes and businesses starting this fall. ComEd's grid modernization plan for
2013 includes $148 million in capital investments dedicated to system
reliability and storm hardening to improve resiliency of circuits especially
susceptible to storms. This includes the inspection and refurbishment of
cable, poles and manholes.
The utility will also invest approximately $118 million in smart grid
technology this year, including the deployment of 60,000 smart meters. ComEd
also will upgrade two additional substations with micro-processor relays and
real-time monitoring and will add more than 600 smart switches that
automatically reroute power around problems 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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