“An order is expected from the ICC no later than December 20, 2023.”

In context

“y sector by 2045. It also provides a framework for ComEd to help support the state and make the grid investments necessary to support beneficial electrification, decarbonization, and the energy transformation. In one of its first steps to meeting the challenge of a clean energy economy, ComEd filed its multi-year integrated grid plan and multi-year rate plan covering 2024 through 2027 with the Illinois Commerce Commission. The proposed investment plan includes initiatives such as 4 kV to 12 kVconversions, bus reconfigurations, overhead and underground repairs and support for an anticipated 1 million electric vehicles by 2030. To smooth the transition for customers from the formula rate to the multi-year rate plan, ComEd has filed to defer collection of 35% of the 2024 increase until 2026. An order is expected from the ICC no later than December 20, 2023. Turning to Slide 14, as Calvin mentioned, BGE anticipates filing its second multi-year plan and first multi-year plan reconciliation with the Maryland Public Service Commission later this month. Proposed investments expected in the filing support the climate and decarbonization goals of Maryland’s Climate Solutions Now Act. As an example of how we are partnering with key stakeholders in Maryland consider the electric school bus program. The new law created a statewide electric school bus program through which BGE will be able to offer $50 million in incentives to school districts we serve to help cover the incremental cost of purchasing electric buses with a focus on access for low income and minority communities, plus BGE will also be able to call on those new electric fleets to provide”