We care about our employees, contractors, and customers and our efforts will ensure that we are prepared to manage potential impacts from the spread of COVID-19 as we monitor the developments closely. We're here to help our customers through financial hardship. We're suspending disconnects for customers unable to pay their bills and waiving new late payments charges through at least May 1st. We'll be working with customers on a case-by-case basis to establish payment arrangements and identify energy assistance options to address their specific needs.
Learn more here.
What is today ComEd began as the Western Edison Light Company, one of several companies owned by inventor and researcher Thomas Edison. As you may know, Edison experimented with electric currents and created an early light bulb that wasn't ready for mass use. It didn't last long enough. One of Edison's employees, African-American draftsman and engineer Lewis Latimer, perfected the longer-lasting carbon filament, which would revolutionize the world.
In July 1892, another Edison employee moved to Chicago to run Edison's local company, Chicago Edison. Sam Insull had a sharp business mind and eagerly increased his knowledge of electricity. Through improved marketing and increased demand for electric lighting, Commonwealth Edison was born in September 1907.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population.
ComEd's service territory borders Iroquois County to the south (roughly Interstate 80), the Wisconsin border to the north, the Iowa border to the west and the Indiana border to the east.
ComEd is an energy delivery company. We do not own power plants and we do not make electricity. We deliver electricity to your home or business. To do this, we manage more than 90,000 miles of power lines in an 11,400-square-mile territory. Since 2001, we have invested more than $5 billion in our electrical transmission and distributions system to continue to provide customers like you with the quality service you expect and deserve.
Providing safe, reliable electric service to our 4 million customers is just part of what we do. We also help you discover new ways to save money on your electric bill, and show you how you can help the environment by decreasing your carbon footprint. We're doing our part for the environment as well.
Another ongoing priority at ComEd is finding new ways to improve our service to our customers. We pursue this goal through a variety of efforts that include:
At ComEd, we understand how important safe, reliable power is to customers like you. As a major Illinois corporation, we also recognize our responsibility to be a good community partner, which is why we support a range of initiatives making a difference in peoples' lives. Our commitment focuses on education, environment, arts and culture, and community development programming. In recent years, ComEd employees volunteered more than 7,000 hours annually at local non-profit organizations.
“Delivering on Smart Grid: Promises Made, Promises Kept” narrates the journey we embarked on together and the results we've achieved as a result of the Illinois General Assembly's 2011 Smart Grid Law. Our Smart Grid investments have provided ComEd customers "best on record" reliability and service, more options for energy savings, jobs and development in our communities.
The statements and claims contained in this Progress Report are based on the best-available information as of March 30, 2015 and are subject to revision or change.