ComEd Recognized as Most Resilient Power Grid in the U.S. With 2022 ReliabilityOne® Award
November 17 2022 - 2:55PM
Business Wire
Reliability work also recognized with
ReliabilityOne® award for Outstanding Reliability Performance in
the Midwest Metropolitan Service Area
In recognition of ComEd’s successful efforts to drive more
reliable and resilient energy for its customers, PA Consulting
yesterday presented the electric company the 2022 ReliabilityOne®
Outstanding System Resiliency Award.
The ReliabilityOne® Award is presented to a company that has
optimized system resiliency efforts, worked to mitigate climate
change impacts on its system, and integrated planning efforts
including reliability and grid modernization initiatives.
“We are grateful to be recognized for the positive impact our
investments in a reliable and resilient power grid have delivered
for customers,” said Terence Donnelly, president and COO of ComEd.
“The families and businesses we serve have benefited from
significantly fewer and shorter outages as a result of the work
we’ve done in the last decade to strengthen and modernize our
system.”
ComEd has made investments to harden its system and bring
greater resiliency during severe weather and other events. The
company has also introduced advanced technology like a
first-of-its-kind superconductor technology installation,
connecting two substations, that provides additional resilience to
families and businesses should one of the substations be impacted
by extreme weather or other threats.
Recent benchmarking also shows that ComEd has the top
reliability of any utility in the U.S. Overall reliability for the
first 10 months of 2022 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.
At the same time, the electric company has achieved
industry-leading value with an average bill lower than 49 of 50
states, based on an analysis of the latest information from the
U.S. Energy Information Administration (EIA). The average monthly
ComEd customer bill currently is lower than it was last year, even
as inflation has driven many costs higher, and is no greater than
it was 10 years ago.
“Grid sustainability continues to be a major issue that the
industry must take more seriously,” said Gregg Edeson and Derek
HasBrouck, PA Consulting’s ReliabilityOne® Co-Program Directors.
“This year we are celebrating utilities who are providing high
levels of reliability and resilience while integrating clean energy
assets and greater clean resource diversity into their operations.
Congrats to ComEd for their clean energy efforts.”
All utilities operating dense electric delivery networks in
North America are eligible for consideration for the
ReliabilityOne® Awards. There are eight metropolitan service
regional awards including Northeast, Mid-Atlantic, Midwest, Plains,
Mountains, West, Southeast, and Southwest. The selection of
provisional recipients is based primarily on system reliability
statistics that measure the frequency and duration of customer
outages.
After provisional recipients are selected, each company
undergoes a certification process, which provides an independent
review and confirmation of the policies, processes and systems used
to collect, analyze and report a company's reliability results.
About ComEd
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.
About PA Consulting
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future. As strategies, technologies, and innovation collide, we
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Life.
PA Consulting’s ReliabilityOne® awards are presented to electric
utilities providing their customers with the highest levels of
reliability in the industry. PA Consulting’s ReliabilityOne® study
is based on standard industry reliability statistics that measure
the frequency and duration of electric power outages.
ReliabilityOne® participants on average experienced 35% fewer
sustained outages, and outages were 50% shorter than the average US
investor owned utility. PA Consulting has been analyzing electric
utility performance since 1987. For more information about PA
Consulting, visit www.paconsulting.com/energy.
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Ashley Houk +1 212-973-5918 Ashley.Houk@PAConsulting.com
ComEd Media Relations 312-394-3500
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