“Brand Insurance is expected to go into service in 2028, while the RTEP Window 3 project will be in service closer to 2030, providing line of sight to strong rate base growth beyond the current guidance window.”

In context

“increase is projected at ComEd for data center and other high intense new load growth, along with increasing renewables and retirements of older fossil fuel generation is driving increased transmission investment needs. The balance of the additional transmission largely relates to the two large transmission projects discussed on prior earnings calls. The RTEP reliability Window 3 projects awarded by PJM to mitigate reliability challenges driven by incremental data center demand in the region and the other assigned due to the retirement of the brand insurance coal plant. While some of the transmission capital at ComEd is expected to go in service during the guidance period, very little of the transmission spend for the large East Coast project is reflected in the updated rate base outlook. Brand Insurance is expected to go into service in 2028, while the RTEP Window 3 project will be in service closer to 2030, providing line of sight to strong rate base growth beyond the current guidance window. We continue to expect there will be transmission opportunity across our service territories, associated with the same drivers underpinning these projects, high-density, localized load growth, traditional fossil fuel plant retirements increased renewables, not to mention from our extremely well-positioned footprint on the Mid-Atlantic Coast for offshore wind interconnection. To further put our competitive position into perspective, all but one mile of those two large transmission projects is expected to occur on our existing rightways. We expect to remain active in seeking additional opportunities to lead in this space. And as always, we will only include spend in our plan that is identified and expected to proceed tied to the needs of our jurisdictions. In total, our capital plan updates”