ComEd Report to ICC Shows Diverse Supplier Spend Reaches Record $777 Million
April 17 2017 - 3:06PM
Business Wire
Grid Investments Support Spend with Minority,
Women and Veteran-Owned Businesses – Up 19 Percent from Prior
Year
ComEd’s spend with diverse suppliers in 2016 reached an all-time
high of $777 million, up 19 percent over 2015 and accounting for 33
percent of ComEd’s total spend of $2.3 billion as it continued
smart grid and other investment programs to modernize the system
serving 3.9 million customers.
A report filed today with the Illinois Commerce Commission (ICC)
shows ComEd has injected more than $5.52 billion into its supply
chain in Illinois since 2011, driven largely by the smart grid
program created by the Energy Infrastructure Modernization Act
(EIMA). The legislation established a broad range of performance
metrics for utilities, including increased spending with diverse
suppliers, by at least 15 percent over 10 years. Since 2012, ComEd
has exceeded that goal with a total supply chain spend in Illinois
under EIMA of $4 billion, including $1.6 billion total diverse
supply chain spend.
Since the smart grid program began in 2012, ComEd’s diverse
spend has increased by 362 percent, creating opportunities for
minority-, women-, and veteran-owned businesses. In 2016, ComEd
added 132 diverse suppliers, a 26-percent increase, for a total of
516 certified-diverse suppliers.
“At ComEd, we believe that our success now and into the future
directly correlates to our commitment to diversity and inclusion,
in all facets of our business. The diverse suppliers and vendors
with whom we work on a daily basis help us meet the evolving needs
of our customers and deliver excellence,” said Anne Pramaggiore,
president and CEO, ComEd. “Our supply chain partners are a
reflection of the communities we serve. We’re committed to
mentoring, developing and helping these companies grow so they can
create more jobs and help build stronger neighborhoods throughout
our region.”
On April 27, 2017 ComEd will host its 2nd Annual Supplier
Diversity Awards to recognize top diverse suppliers for their
high-quality performance in numerous areas, including construction
and material services, professional services, environmental
leadership, financial management, storm response and support and
enhancing the customer experience.
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 3.9 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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ComEdMedia Contact:312-394-3500
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