Dive Summary:
- After multiple delays, ComEd finally announced on Tuesday it has started installing over 4 million smart meters as part of its 10-year, $2.6 billion grid modernization project in Illinois.
- ComEd says it expects to install 60,000 smart meters by the end of 2013.
From the article:
In October 2012, ComEd had announced it was postponing smart meter installations until 2015 after the Illinois Commerce Commission (ICC) denied the utility certain cost-recovery funds. The utility's smart grid program is mandated under the state's Energy Infrastructure Modernization Act of 2011, and ComEd argued the ICC decision was inconsistent with the law.
Earlier this year, the Illinois Senate and House passed S.B.9, a measure that, among other things, enables ComEd to recoup its costs. Even though Gov. Pat Quinn vetoed the bill, both chambers of the state Congress overrode the governor and S.B.9 became law in May. ComEd announced it planned to resume smart meter installations beginning in the fourth quarter.
