* ComEd CEO Joe Dominguez is on a mission to turn around his company’s scarred image in the wake of the federal investigation. He makes some good points, but are these facts enough? Maybe, but we still don’t know what the feds have found…
Whether the standard is affordability, reliability or use of clean energy, ComEd is a top performer, the envy of other utilities, even those in the Exelon family, Dominguez said. Since 2012, the utility has improved reliability by 70%, according to Dominguez, an unprecedented improvement for an industry accustomed to merely incremental changes.
He gives credit for that to ComEd employees. “Nothing prepares you for being in this chair when the workforce is going out and the weather is negative 50 degrees or when it’s super hot and seeing the day-to-day dedication of the people we have here,” he said.
Dominguez said the scandal, which has included two federal subpoenas for Exelon documents and a U.S. securities probe of its lobbying activities, shouldn’t detract from the company’s achievements. […]
Staying silent must be hard on him. At 57, Dominguez has a background that seems especially apt for ComEd’s situation. He’s a former federal prosecutor in the Eastern District of Pennsylvania. And he moved through the ranks of Exelon in general counsel and government relations roles. […]
If ComEd were a state, its electricity cost as a percent of median household income would be lower than anywhere but Utah, according to the utility. At 1.4%, the rate compares to a U.S. average of 2.3%.
* The ICC should pull the plug on this ComEd power play: “Consumers paid public utility rates to ComEd and (downstate utility) Ameren reflecting the higher federal tax rate, and now that the federal tax rate has lowered, fairness dictates that consumers should get that money back,” Raoul said in a statement. “Allowing an unreasonable refund period of close to 40 years nearly guarantees many customers will never get their fair share of the refunds.”