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For Immediate Release
ComEd Media Relations
ComEd Recognized as a Leading Utility for Economic Development
Industry-leading publication highlights ComEd's $975 million in capital investments and creation of 900 new jobs in northern Illinois
CHICAGO (Sept. 19, 2018) – In recognition of ComEd's contribution to its local economy and communities, Site Selection magazine has named the company to its annual list of the Top 10 Utilities in Economic Development for 2018. ComEd has been recognized by Site Selection five years in a row with Top Ten listings in 2015, 2017, and 2018 and honorable mention listings in 2014 and 2016.
The magazine credits the ComEd economic development team's successful collaboration with state and regional partners for delivering a total projected capital investment of more than $975 million and over 900 new jobs across northern Illinois. Site Selection is a national publication for corporate executives, site location consultants and real estate professionals who choose business and industry locations.
"We're proud to be recognized for our continued focus on stimulating investment, growth and job creation throughout northern Illinois," said Sheila Owens, Vice President of Economic Development. "Together with our local, regional and state partners, we're working to provide continuous innovation and value to our customers, prospective businesses and the communities we serve."
"Illinois' competitive energy market and ComEd's continued strong energy reliability performance are key components we leverage as development assets of the region," said Mark Peterson, CEO of Intersect Illinois, the statewide privately-funded economic development organization. "This sustained recognition of ComEd's high performing economic development team and their proactive engagement reinforces why they are an important development ally for Illinois."
ComEd's "rapid response" economic development program provides hands-on, personalized guidance to companies considering expanding in northern Illinois. The effort brings together all business unit partners – from operations to capacity to regulatory – early in the process to expedite cost and engineering information to support the prospective company's decision-making process. In addition, this approach helps ensure companies maximize cost savings through energy efficiency programs and consider solar energy options.
ComEd plays an important role in attracting companies to northern Illinois by providing safe, reliable and competitively priced electricity. Since the passage of the Smart Grid Law by the Illinois Legislature in 2011, ComEd invested $2.6 billion to modernize the energy grid to build a stronger, more reliable smart grid. Customers have experienced record reliability over the past five years, including an overall reliability rate of 99.98 percent last year. In addition, the number of customers experiencing an outage of 12 hours or more during storms is down more than 80 percent.
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