Anne Pramaggiore,
President and CEO,
ComEd
 
Springfield, IL, U.S.A. --- (METERING.COM) --- March 14, 2013 - Illinois’ House Bill 2529 clarifying language in the Smart Grid law enacted in 2011 is continuing its progress through the legislature with its unanimous approval yesterday by the House Public Utilities Committee.

The vote comes after the Senate Executive Committee’s unanimous passage of Senate Bill 9 last month.

In a statement from ComEd, president and CEO Anne Pramaggiore described the vote as a positive development for ComEd customers and the entire state of Illinois.

“This legislation will help ComEd build a modern grid to reduce power outages, give customers more choice and control over their energy use, and create thousands of much needed jobs,” said Pramaggiore.

Under the Smart Grid law, ComEd committed to spend $2.6 billion over 10 years to modernize the electric grid in Northern Illinois. However, in its first Smart Grid law rate case, the ICC reduced funding by nearly $100 million per year beginning in 2014 and beyond, resulting in the postponement of key initiatives, including the installation of smart meters, until 2015. If HB 2529 is enacted this Spring session, ComEd will be able to accelerate its meter installations to begin in 2013, the statement said.