CLAIM #23129 · EXC (EXC) · 2022Q2 earnings call · Aug 3, 2022 · due Dec 31, 2025
“ComEd proposes spending approximately $300 million from ’23 to ‘25.”
Chris Crane · CEO
In context
“cases we have this year. In May, Delmarva Power & Light Maryland filed his first multiyear plan covering investments from ‘23 to ‘25 period. The filing highlights improvement in Delmarva’s reliability and customer service in Maryland. ‘21 marked its second straight year of record setting outage frequency performance. We look forward to building on the successes of the multiyear plans we have in place and leverage lessons learned to deliver value for Delmarva Power, Maryland customers. In Illinois, ComEd continues to work on a new rate setting process, including proposed performance metrics. We expect a final order by the end of the third quarter. In addition, on July 1st, ComEd filed its first beneficial electrification plan with the Illinois Commerce Commission, as required by the CEGA, ComEd proposes spending approximately $300 million from ’23 to ‘25. The plan is designated to reduce barriers to beneficial electrification, including barriers to electric vehicles like adoption of costs and charging availability. And the plan approaches and emphasizes equity and environmental justice as we implement. Our plan will ensure ComEd’s investment strategy delivers on the CEGA’s groundbreaking environmental and social equity goals. As a reminder, ComEd’s first distribution rate case under the new rate case structure will be filed in early 2023 for rate effective in 2024. And of course we continue to support our communities and provide transparency to stakeholders on environmental, social and governance practices. We recently published our ninth Annual Corporate Sustainability report, our first as a TOD only utility. It details all the ways in wh”
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SEC filings for EXC ↗ · Claim quote is verbatim from the 2022Q2 earnings call.