Dive Summary:
- The Illinois Commerce Commission reduced funding available to Commonwealth Edison's smart grid program last week, and the utility requested an expedited review for their appeal Wednesday in order to avert a process that might take years.
- In the meantime, ComEd faces a potential funding gap of $100 million per year for its smart grid program, a shortfall that would likely hurt returns for shareholders of Chicago-based Exelon Corp., ComEd's parent company.
- ComEd now wants regulators to delay deadlines for its smart meter deployment plan for its 3.8 million customers.
From the article:
"... The Illinois Commerce Commission last week reduced how much money the utility will receive to fund the program, and the company is appealing that decision through the state courts, a process that could take years if ComEd's request for an expedited review, made Wednesday, isn't granted.
In the interim, the company is facing a funding gap of $100 million per year, a shortfall the utility says places it far below that of its peers in terms of the return it can offer shareholders of its parent company, Chicago-based Exelon Corp. ..."
