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$2.6 billion of private capital set to go to work for ComEd customers

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[The following is a paid advertisement.]

The Energy Infrastructure Modernization Act, passed into law last month, is a ten-year, $2.6 billion investment program that will bring much-needed upgrades to our electric grid and much-needed jobs to our state.

Half of the investment to be spent on utility infrastructure improvement. Much of this work will involve refurbishing and replacing system cable, some of which is more than 40 years old. At its peak, this work will create 2,000 jobs.

The law directs the other half of the investment to be spent building a smarter grid. Digital meters will be deployed to every customer bringing them new tools and pricing options to save money. Also, new smart substations and other digital technology will help ComEd improve reliability for customers. When fully implemented, our modern grid will mean 700,000 avoided outages, saving customers $100 million in outage-related costs, and the law holds utilities accountable to met these goals.

This work will begin in January and continue over the next 10 years.

For more information on the many benefits of the new law, please visit www.ComEd.com.

posted by Advertising Department
Tuesday, Nov 22, 11 @ 2:40 pm

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