Economic and Business Development Services Choose DuPage Quarterly Communities Meeting
March 12, 2015
Ed Sitar – Manager, Economic Development
Agenda Energy Infrastructure Modernization Act Energy Efficiency Programs Economic Development Assistance
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ComEd – An Exelon Company
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ComEd established in 1887 • •
Principal electricity distribution company in Northern Illinois Serve 9.6 million people (70% of State’s population) − 400 municipalities and 25 counties − 3.5 million residential accounts − 300,000 business accounts
Exelon formed in 2000 • • •
Merger of PECO Energy (Philadelphia) and Unicom (ComEd’s parent company) 27,000 employees 6.6 million customers
Exelon activities • • •
Distribution – ComEd, PECO, Baltimore Gas & Electric Generation – 120 power plants Power Marketing – Operates in 47 States
Illinois
Restructured Electric Utility Industry UNREGULATED
Generation
REGULATED
Transmission Distribution
Competitive Power Producers
~ 60% of total electric bill
Regulated Regional Transmission Organization (RTO) [PJM]
~ 15% of total electric bill
Operating Company [ComEd]
~ 15% of total 3 electric bill
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PJM Regional Grid
Membership in PJM greatly enhances reliability of supply by providing better access to 162,000 MW of power from 13 states and more than 49,000 miles of transmission wire representing 51 million people www.pjm.com
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Smart Grid
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Energy Infrastructure Modernization Act • On October 27, 2011, the Illinois General Assembly enacted the Energy Infrastructure Modernization Act (EIMA), setting in motion a $2.6 billion investment by ComEd to strengthen and modernize the state’s electric grid. • The Investment Plan has two primary components: • Reliability-Related Investments– 5 year program, $1.3B • Underground cable – mainline, URD, manholes • Training centers • Wood pole inspection, reinforcement/replacement • Storm hardening – undergrounding, spacer cable • Smart Grid-Related Investments – 10 year program, $1.3B • Distribution Automation • Smart Substations • Smart Meters
Smart Meter and Distribution Automation Switch
Results so far • Approximately 54% of the way through infrastructure work, 18% of smart meters installed • 3,800 jobs created by ComEd & contractors • Over 1 million outages avoided
Smart Grid in DuPage County Completed Work Program
2012-2014 Complete
Distribution Automation
195 Devices
Mainline Cable Replacement
83,000 feet
Underground Residential Cable
2 million feet
Manhole Assessments
900
Wood Pole Inspection
24,000
Positive Impact • 250,000 customers benefiting from EIMA (out of 355,000) • 40% reduction in frequency outages since 2012 • 80,000 avoided customer outages in 2014
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Energy Efficiency Programs Extensive business customer rebates • • • • •
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Smart Ideas Opportunity Assessments (SIOA) Standard incentive programs Custom incentives program Commercial Building Optimization • Retro-commissioning Industrial Systems Optimization • Compressed Air • Process Cooling • Refrigeration Business Instant Lighting Discounts (BILD) New Construction Small Business Energy Savings
DuPage County Impacts Since 2008: • 3,800 participating businesses earned $24 million in rebates and are saving over $19 million in annual electricity costs on their bills • Energy savings equivalent to 24,200 homes or almost 37,000 cars off the road
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Reliable, Competitively Priced Electricity is a Key Driver of Illinois’ Economic Development Success
Electricity attributes position Illinois for growth • 2013 and 2014 reliability performance best on record and in the top 25% of peer utilities nationally • Deregulated market with 50+ competitive suppliers have saved customers $39 billion since 1999; Illinois rates are among top 25% lowest for all states • Extensive energy efficiency programs have saved participating customers $1 billion since 2008
ComEd and our regional economic development allies supported solid 2014 results • 22,000 new or retained jobs • 23 million square feet in new facilities • $3 billion in new capital investment
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Competitive Electric Rates Make Illinois Attractive Illinois Electricity Prices are among the Lowest in the Midwest and they Compare Favorably with Other Key States
Northern Illinois businesses paid >$1 billion less than Wisconsin in 2014!
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Competitive Electric Rates Make Illinois Attractive
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Competitive Electric Rates Make Illinois Attractive
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Tools for Partners
Utility Information •
Site Selection Data •
Labor, population, housing, and other characteristics of our communities and regions
Business Retention Program Assistance •
Reports on available sites and buildings, including graphics and facility details that can save time during the selection process
Area or Regional Demographics •
Availability, cost, timing, and reliability of electric service as well as comparable benchmark data
Help partners build critical relationships with key businesses to identify areas of concern and opportunities for growth to protect existing jobs and tax dollars
Economic Impact Model •
Estimates on the overall impact of economic change in your community
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Wrap Up
Collaborating with state, regional and local officials to spur economic growth
Assisting in the development of mutually advantageous opportunities that retain or attract businesses to area communities
Questions, Comments, Discussion
Ed Sitar Manager, Economic Development 630-437-2571
[email protected]
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From Marketing and Collaboration to Capacity Build Out