Smart grid support picks up steam in Illinois
SUBNET Solutions Inc | Tuesday, November 13, 2012
After months of debating how much will be spent to modernize Illinois' aging electric infrastructure, state utility Commonwealth Edison is now seeking "all paths to resolution" to acquire the necessary funds to upgrade outdated equipment, the Chicago Sun-Times reports.
According to the media outlet, the utility hopes to bring in more than $100 million in additional annual revenue to perform its smart grid installation project. The utility said it is currently lacking these funds because of a recent regulatory ruling, in which the Illinois Commerce Commission voted to deny a rate hike that would have given ComEd the funds it needs.
ComEd CEO Anne Pramaggiore recently spoke at the City Club of Chicago, where she said she hopes the commission will reevaluate the request after tweaks are made.
"We’re talking to everyone, exploring paths," she said. "We’re not foreclosing any options. We want to do this in the most efficient way we can."
Utilities around the country are increasingly looking to raise funds to install new smart grid technologies. SUBNET has helped some of the largest utilities in North America improve operational efficiency by implementing these technologies, such as substation automation and remote capabilities.
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