Illinois commission goes to vote on ComEd smart grid plan
SUBNET Solutions Inc | Friday, June 22, 2012
The Illinois Commerce Commission (ICC) began final discussions on Friday, June 22, to decide whether Commonwealth Edison's smart grid modernization plan will move forward, and mulled the electricity rate ComEd says is necessary to perform the project, the Chicago Sun-Times reports.
According to the news source, the ICC has already given one proposal the go-ahead, however, ComEd asserted it was not an adequate sum to earn a rate of return on a pension asset. The utility proposed the decrease - from $40 million to $50 million - but the ICC decided later to slash customers rates by four times the request to $168.6 million. The new ruling would save ComEd customers an average of $1.70 per month for the rest of 2012.
ComEd's proposal has been a heated debate for nearly a year, with the company asserting the new smart grid technologies it plans to install will help create a more reliable and efficient power network. As such projects continue to unfold around the country, utilities are turning to SUBNET to increase substation efficiency and security through several products and solutions.
In addition to substation automation, SUBNET offers NERC CIP compliance, helping utilities build a smarter, safer grid.
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