ComEd No. 1 in U.S. in Providing Reliable Electric Service to Customers, Benchmarking Shows
15 November 2022 - 8:22AM
Business Wire
Strong performance continues in 2022, with
reliability for the first 10 months of the year better than in any
prior year
Families and businesses served by ComEd experienced fewer power
outages on average than customers of any comparable electric
company for a fifth consecutive year in 2021, based on industry
standard measures for reliability. And when ComEd customers did
experience an outage last year, their service was restored as fast
or faster on average than customers of the other electric
companies. This is according to a company analysis of 25 peer U.S.
energy companies with approximately 1 million customers or
more.
“Our customers appreciate that the energy we deliver is some of
the cleanest and lowest cost in the nation, but what they value
most is the 24/7 reliability of our critical service,” said ComEd
CEO Gil Quiniones. “It’s gratifying to see the difference a
decade’s worth of investment to make our power grid stronger and
more intelligent has made for the 9 million people we have the
privilege of serving every day.”
ComEd has continued its consistent record of strong reliability
performance in 2022. Overall reliability for the first 10 months of
the year was better than in any prior year and 82 percent better
than when ComEd began to increase its smart grid improvements in
2012. More than 3.6 million of ComEd’s 4.1 million customers have
experienced either zero or no more than one outage in 2022. Since
it began its smart grid investments, ComEd and its more than 6,200
employees have helped customers avoid nearly 19 million outages,
saving more than $3 billion in outage-related costs.
ComEd continues to provide industry-leading reliability at some
of the lowest costs to customers in the nation. Based on data from
the U.S. Energy Information Administration, in 2021, the average
monthly bill for a ComEd residential customer was lower than the
average in 49 out of 50 U.S. states. The average monthly
residential bill for ComEd customers in 2022 is less than it was at
the same time last year.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ:
EXC), a Fortune 200 energy company with approximately 10 million
electricity and natural gas customers – the largest number of
customers in the U.S. ComEd powers the lives of more than 4 million
customers across northern Illinois, or 70 percent of the state’s
population. For more information visit ComEd.com and connect with
the company on Facebook, Twitter, Instagram and YouTube.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221114006067/en/
ComEd Media Relations 312-394-3500
Exelon (NYSE:EXC)
Historical Stock Chart
From Dec 2024 to Jan 2025
Exelon (NYSE:EXC)
Historical Stock Chart
From Jan 2024 to Jan 2025
Real-Time news about Exelon Corp (New York Stock Exchange): 0 recent articles
More Exelon Corp News Articles