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For Immediate Release

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ComEd Media Relations

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ComEd Pumps Billions of Dollars into Northern Illinois Economy

Employee Salaries, Supply Spending, System Investments, Philanthropic Donations contribute

CHICAGO (December 18, 2017) ComEd, one of the state's largest employers with 6,125 employees, invested an estimated $1.56 billion in supply chain spend in 2016, generating an additional $1.34 billion in goods and services for a total economic impact of $2.9 billion, according to research conducted by the Regional Economics Applications Laboratory (REAL) of the University of Illinois at Urbana-Champaign.  REAL used 2016 year-end figures to incorporate a full year's worth of data to generate its findings, summarized in the ComEd Economic Impact Report, and which illustrate ComEd's profound economic impact in Northern Illinois.

"In addition to powering the lives of our customers, ComEd is serving as an economic engine in northern Illinois by contributing billions of dollars into the local economy," said Anne R. Pramaggiore, ComEd President and CEO.  "ComEd will continue to meet the ever-evolving needs of our customers by playing a leading role in the new clean energy economy." 

Based on 2016 year-end data, REAL tracked the effects of other ComEd's other investments, including:

  • $584 million paid in salaries for ComEd's 6,125 employees generated a total economic effect of $2.66 billion in goods and services and 18,200 and indirect jobs.
  • $725 million in Smart Grid expenditures and investments resulted in $560 million in reliability benefits for consumers due to reduced outage frequency.  This work also generated an additional $654 million in goods and services for a total economic impact of $1.4 billion. 
  • $5.8 million in philanthropic donations generated $6.4 million in goods and services, creating a total impact of $12.2 million, including 274 jobs, both direct and indirect.

REAL compiled the report using two types of modeling systems: Illinois Regional Econometric Input-output Model (IREIM) and IMPLAN.

To see how ComEd is helping to drive Northern Illinois' economy, view the Economic Impact Report 2016

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Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with approximately 10 million customers. ComEd provides service to approximately 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter and YouTube.

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