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Chicago Tribune
Chicago Tribune
Business
Robert Channick

ComEd seeks four-year, $1.47 billion rate increase to bolster the grid for EVs, electrification and climate change

ComEd Climate Change Illinois Commerce Commission Illinois

ComEd filed for a four-year, $1.47 billion rate increase Tuesday with the Illinois Commerce Commission to bolster its grid for the demands of EVs, electrification and climate change.

If approved by state regulators, ComEd customers will pay an average of $17 per month more for delivery charges by 2027, the utility said. The ICC will review the rate and grid plans and is expected to issue a decision by December.

“ComEd has a critical role in ensuring the transition to cleaner energy is reliable and equitable for all,” ComEd CEO Gil Quiniones said in a news release.

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