Illinois’ Future Requires a Modern Grid
Friday, Feb 25, 2011
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The electric grid underpins our entire economy and data-driven way of life. Designed a century ago, the Illinois grid has served us well. But it’s an analog system struggling to serve a digital age. The grid works well for the purposes of yesterday; but is simply incapable of meeting the demands of tomorrow.
The Energy Infrastructure Modernization Act (HB 14-1) will build the electric grid that the 21st century demands. ComEd’s $2.6 billion investment will mean:
• Enhanced ability to manage utility costs.
• Reduced carbon emissions.
• A smart meter in every home to allow customers to manage energy use and save money.
• 2,000 direct Illinois jobs; additional business growth and expansion.
• $100M in Illinois tax revenues.
• Enhanced competitiveness in attracting businesses to our state.
But to modernize, regulatory reform is needed. Today’s regulatory framework forces short-term thinking when a long-term view is needed. We need ratemaking that protects consumers, encourages investment and holds utilities accountable.
The Energy Infrastructure Modernization Act is a program whose time is now. Digitizing the grid is an economic imperative to help restore Illinois’ competitiveness.