ICC Approval Jumpstarts ComEd Plan for Solar, Renewables Growth
October 03 2017 - 3:02PM
Business Wire
Community Supply expected to grow enough solar
and wind energy to power one million Illinois homes
The ICC has approved ComEd's plan to expand the energy choices
of Illinois consumers by opening the market for community energy.
Community solar development is a feature of the Future Energy Jobs
Act.
Community renewable projects are designed to provide access to
renewables, particularly solar to customers who want to share in
the benefits of renewables, but for whom a private solar unit may
not be feasible. By subscribing to a community-scale project,
customers can reap the environmental and any financial benefits
renewables have to offer without the investment required by private
solar projects. Owners or operators of a Community Supply project
would produce and provide energy to the grid, while subscribers to
the project would receive credits based on their share of the total
energy produced.
"ComEd's community solar plan expands choice for consumers by
giving ComEd customers a new option in their energy menu,” said
Anne Pramaggiore, ComEd President and CEO. "ComEd's plan is an
important step to Illinois' energy future both because it expands
consumer choice and because it animates Illinois' new energy
economy."
FEJA pivots Illinois to the new clean energy economy, saving and
creating thousands of clean energy jobs and providing job training
for the future workforce, while also creating significant consumer
and environmental benefits. This comprehensive, bipartisan
legislation jumpstarts renewables in Illinois, setting the stage to
grow enough solar and wind energy to power one million homes. It
also nearly doubles energy efficiency programs, creating more than
$4 billion in consumer savings and reducing the amount CO2 in the
air equivalent to removing 18 million cars from the road. Further,
the Act contains significant programs for low-income communities
and extends ComEd’s customer assistance programs through 2021.
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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