ComEd seeks four-year, $1.47 billion rate increase to bolster the grid for EVs, electrification and climate change

United States News News

ComEd seeks four-year, $1.47 billion rate increase to bolster the grid for EVs, electrification and climate change
United States Latest News,United States Headlines
  • 📰 ChicagoBreaking
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

If approved by state regulators, ComEd customers will pay an average of $17 per month more for delivery charges by 2027, the utility said.

Advertisement

The multi-year rate increase request is part of the state’s Climate and Equitable Jobs Act, a clean energy bill requiring Illinois utilities to get 40% of their power from renewable sources by 2030. ComEd’s grid improvement plan includes connecting to a projected fivefold increase in rooftop and community solar systems, and meeting the demands of widespread electric vehicle adoption.Illinois Gov. J.B. Pritzker has set the goal of having 1 million electric vehicles on the road by 2030.

ComEd’s multi-year grid plan also includes girding for more severe weather events caused by climate change through upgrading and replacing outdated equipment and improved coordination with communities for faster power restoration during storms, the utility said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChicagoBreaking /  🏆 521. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Column: Oil prices expected to average around $90 in 2023-2027Column: Oil prices expected to average around $90 in 2023-2027Brent oil prices are expected to remain around $90 per barrel throughout the next five years, according to my eighth annual survey of energy market professionals.
Read more »

Escape from China: half of all iPhone handsets could be made in India by 2027Escape from China: half of all iPhone handsets could be made in India by 2027An analyst says that half of all iPhone units produced in 2027 will come from India as Apple seeks to escape China.
Read more »

Family suing city, ComEd, after 3-year-old killed in bike crashFamily suing city, ComEd, after 3-year-old killed in bike crashLily Shambrook was killed when her mom's bike collided with a semi-truck, after a ComEd utility truck blocked a bike lane in Uptown.
Read more »

Wyoming wants to phase out sales of new EVs by 2035 | EngadgetWyoming wants to phase out sales of new EVs by 2035 | EngadgetIn a symbolic action, Wyoming’s state legislature is considering a resolution that calls for a phaseout of new electric vehicle sales by 2035..
Read more »

59% Of Lincoln Dealers Agree To Sell EVs59% Of Lincoln Dealers Agree To Sell EVs356 out of 600 US Lincoln dealers have agreed to sell electric vehicles, opting into a certification program.
Read more »

Citroen Boss Says EVs Will End The Dominance Of SUVs | CarscoopsCitroen Boss Says EVs Will End The Dominance Of SUVs | CarscoopsCitroen's chief executive says aerodynamics and weight will result in SUVs becoming less popular
Read more »



Render Time: 2025-04-06 06:11:40