Exelon's ComEd Restores Power to 80% of Affected Customers After Illinois Storms

Exelon's ComEd has restored power to 80% of customers impacted by storms in Illinois. Exelon Corporation specializes in distributing and transmitting electricity and natural gas, with 92.1% of net sales coming from electricity distribution and transmission, and 7.9% from natural gas distribution.

Exelon Corporation's subsidiary, ComEd, has successfully restored power to over 80% of the customers affected by a pair of weekend storms in northern Illinois. The storms, which brought high winds of up to 70 mph, caused widespread power outages, with approximately 40,000 customers still without service as of 10 a.m. Sunday [1].

ComEd's swift response involved deploying over 500 crews to the region, with an additional 33 crews expected to join Sunday afternoon. The utility company has prioritized restoring power to critical facilities such as police and fire stations, nursing homes, and hospitals before focusing on residential areas [1].

The storms have underscored the importance of grid resilience and the need for infrastructure upgrades. Exelon has been investing heavily in these areas, with plans to allocate nearly $38 billion between 2025 and 2028 towards grid modernization and enhancing system resilience [2]. This investment is part of a broader strategy to meet rising customer demand and maintain a stable cash flow for shareholders.

Exelon's ComEd has been working diligently to restore power, with expectations that nearly all customers will have their service restored by 2 p.m. Monday. The company has encouraged customers to take precautions during power outages, such as avoiding downed power lines and not approaching crews working on live electrical equipment [1].

In addition to infrastructure upgrades, Exelon is also focusing on cost-saving initiatives and energy efficiency programs. The company's disciplined expense management helps keep costs below inflation, benefiting customers [2]. Despite the challenges posed by new technologies and fluctuating weather conditions, Exelon remains committed to providing reliable and stable energy services.

References:
[1] https://www.theglobeandmail.com/investing/markets/markets-news/Business%20Wire/34212722/comed-restores-power-to-80-percent-of-customers-impacted-by-pair-of-weekend-storms/
[2] https://finance.yahoo.com/news/exelon-invest-38b-infrastructure-amid-133000523.html