ComEd, GE sign $200 million smart meter deal

Sponsored by

ComEd, a unit of Chicago-based Exelon Corp., picked General Electric (GE) to deliver about 4 million smart meters from 2013 to 2021 in a deal worth more than $200 million.

By deploying advanced meters across its Illinois service territory, along with other components of its grid modernization initiative, ComEd expects to transform the delivery of electricity to homes and businesses and give consumers greater control over their energy consumption and costs.

The smart meters will allow ComEd’s customers to better manage their energy usage and help ComEd more quickly detect and restore power outages.

Under Illinois’ 2011 Smart Grid Law, ComEd committed to invest more than $2.6 billion over 10 years to modernize its electric grid in Northern Illinois—more than $1.3 billion of which is earmarked to build a smart grid network and install smart meters in 4 million homes and businesses.

GE’s meters will help to enable effective two-way communication between ComEd and its customers. For example, ComEd’s smart meters will provide customers with hourly data on their energy usage. Smart meters also will alert ComEd to power outages automatically — without requiring customers to contact the utility — and help pinpoint the problem so ComEd can restore power faster.

GE will assemble the meters in Chicago and expects to create about 50 jobs as the project ramps up.

Sponsored by

CURRENT ARTICLES

Who is paying the most for electric power in the U.S.?

Who is paying the most for electric power in the U.S.?

Who are the top paid utility CEOs?

Who are the top paid utility CEOs?

Top 10 solar-powered states

Top 10 solar-powered states

Top states for renewable energy

Top states for renewable energy

clean power American Wind Energy Association AWEA

EIA Data Shows Wind Even More Valuable for States and Utilities as They Seek to Comply with Clean Power Plan

07/07/2015 Michael Goggin, Senior Director of Research for the American Wind Energy Association (AWEA) will discuss AWEA’s new report...
smart grid ComEd

ComEd Sets a Record in First Half of 2015 for Reliability

07/07/2015

Customers reap smart grid benefits - less outages and faster power restoration.

solar Governor Cuomo New York State

Governor Cuomo Announces Solar Growth of More Than 300 Percent From 2011 to 2014 in New York State

07/07/2015 All regions see triple-digit growth of clean, cost-effective solar power to lower costs for residential customers and busi...
FEATURED ENERGY JOBS
View more Job Listings >>

INDUSTRY STOCKS

ON DEMAND WEBCASTS

Solar + Storage: Capturing Opportunities and Overcoming Challenges

The convergence of solar and energy storage applications is under way. The combined application o...

Storage Enters the Global Stage: What’s the value proposition for your region?

For electricity storage, the events of the last two years have shown that the skepticism around t...

How to deploy mobile forms + devices to speed up field service processes & reporting

Overcoming the pain points associated with any process is much simpler and more cost effective th...

Beyond Integration: Three Dynamics Reshaping Renewables and the Grid

In a unique industry research initiative, DNV GL gathered views from over 1,600 energy sector par...

Engaging the Small and Mid-sized Business (SMB) Marketplace

This session will outline how Duke Energy leveraged Voice of Customer insights, previous experien...

EL&P BUYER'S GUIDE PRODUCTS

Decontamination & Decommissioning

Decommissioning strategy development, cost estimates, plant modifications; system and building decontamination; RV segmentation; large component re...

Cavitation Peening

AREVA developed its innovative solution for asset management, significantly extending the life of reactor components. Cavitation Peening is a perma...

Nuclear Horizontal Modular Storage (NUHOMS®)

AREVA TN’s NRC-licensed NUHOMS® system ensures the highest safety and lowest dose performance. With no tipping, tripping and sliding, you have the...

ATRIUM™ 11 for BWR Fuel

ATRIUM™ 11 design fuel – in operation since 2012 – provides significantly lower fuel rod power levels for power uprate margins, operational flexib...

POWERGRID PRODUCT LISTINGS

EtherMate® Industrial Ethernet - IO Modules

LioN-M ProfiNet device with 16 digital I/O channels, channels can be used universally as inputs or outputs, M12 socket, ro...

OFL280 FlexTester - Handheld OTDR

AFL's OFL280 FlexTester offers an unmatched combination of fiber test functions, ease-of-use, portability, and value.

ADSS Mini-Span® Fiber Optic Cable

AFL Mini-Span® All-Dielectric Self-Supporting (ADSS) cable is designed for outside plant aerial and duct applications in l...

TRM® 2.0 - Test Results Manager PC Analysis and Reporting

Test Results Manager 2.0 (TRM® 2.0) is an all-in-one analysis, viewer and reporting tool designed for use with NOYES fiber...

POWERGRID International

May 2015
Volume 20, Issue 5
1505pg_C1

ELECTRIC LIGHT & POWER

April 2015
Volume 93, Issue 2
1503ELP_C1