EIMA Creates More Than 700 Jobs Through Third Quarter
Thursday, Nov 29, 2012
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ComEd’s grid modernization work directly related to the Energy Infrastructure Modernization Act (EIMA) enacted last year created more than 700 jobs from January through September 2012, with more than 100 jobs created in the third quarter alone. These include jobs at ComEd and contractor and supplier positions involving a broad range of functions required to build a 21st century electric grid.
With passage of EIMA, ComEd embarked on a 10-year, $2.6 billion program to modernize the power system in northern Illinois. The EIMA investments also have provided an important boost to local manufacturers with the expertise needed to support the electrical system upgrade. Through October 2012, ComEd has awarded $80 million in contracts to companies providing services and products ranging from engineering to cable to smart switches.
While grid modernization work continues, the pace is slowing from earlier this year as the first rate case under EIMA has jeopardized funding available for the program. ComEd has appealed the decision in court. In the meantime, it is proceeding with about 75 percent of the core grid modernization programs as planned. ComEd is postponing the deployment of additional smart meters until 2015. ComEd hopes to reach a positive outcome soon so that it can deliver the promised reliability improvements, cost-savings and customer service benefits while creating the 2,000 jobs as required by the legislation and further boost the Illinois economy.