“We now expect to invest $38 billion from 2025 to 2028 to support customer needs.”

In context

“to support the energy transformation in the years ahead. These include ensuring our jurisdiction can continue to participate in the exciting growth of artificial intelligence powered by data centers that can foster economic development. And as Jean will discuss, there are other significant potential transmission opportunities as well, such as the MISO Tranche 2.1 work that are not currently in our guidance but which will require an additional $10 billion to $15 billion of investment to serve our customers in the coming five to ten years. Those opportunities illustrate why our updated four-year plan continues to reflect the steady investment growth that you should expect from a company that serves more customers than any other in the US in some of the most critical regions for the economy. We now expect to invest $38 billion from 2025 to 2028 to support customer needs. No single project will be more than 3% of that plan. And of that $3.5 billion in capital growth, more than 80% is attributable to transmission. This type of investment ensures that our utilities remain a key engine of our jurisdictions' economies. Not only do our investments create good local jobs, estimated 70,000 plus, and not only do they ensure the spending stays local with more than $4 billion of our supplier spend sourced from our jurisdictions. Most importantly, it ensures reliability. Which when the economy increasingly counts on access to reliable resilient power can really multiply the power of our impact. The growth in our high-density load pipeline by over two and a half times in the last year is evidence of that. ComEd alone won fifteen major projects, bringing in an estimate”