ComEd reports results to Illinois Commerce Commission: benefits continue to outweigh costs

CHICAGO (Feb. 18, 2021) – ComEd this week reported to the Illinois Commerce Commission that residential customers are receiving savings and clean energy benefits from the Future Energy Jobs Act (FEJA) and that these benefits are greater than the costs to customers. Enacted by the Illinois General Assembly in 2016, FEJA is jumpstarting renewable energy and increasing savings through new energy efficiency solutions for less than the caps established by the legislation.

“FEJA is making good on its promise to help our customers and communities gain access to clean and more efficient energy, and the benefits continue to outweigh the costs,” said ComEd CEO Joe Dominguez. “Since the state passed FEJA, energy efficiency investments have saved customers almost as much energy as they saved in the 10 years before FEJA at about half the cost.”

ComEd’s annual reports to the ICC detail the total cumulative average investment costs and benefits in the first four years of FEJA. From 2017 through 2020, residential customers realized average monthly savings of more than $1.30 per month when factoring in the benefits of investments in energy efficiency and solar energy adoption. The net costs and benefits for commercial customers remain below the legislated cost cap of 0.12 cents per kilowatt (kWh). As of 2020, the net costs and benefits for nonresidential customers, who are exempt from energy efficiency programs, remain below the legislated cost cap of 0.078 cents per kWh.

Customer access to renewable energy is gaining traction under FEJA. In 2020, a record 10,250 ComEd residential customers connected energy resources like private solar to the ComEd grid. Commercial and industrial businesses and community supply projects brought the total to more than 10,500 interconnections, representing 183 megawatts of distributed generation. ComEd also connected 20 community solar projects in 2020, and 55 more projects are under construction. The distributed generation rebate program for commercial and industrial customers grew from $8 million in payments in 2019 to $21 million in 2020.

FEJA also is creating opportunities for underrepresented populations, including members of diverse environmental justice communities and returning citizens, through training provided by trade and community groups. More than 1,300 trainees have completed the Craft Apprenticeship Program led by the IBEW Electrical Workers Renewable Energy Fund, as well as the Solar Pipeline and Multi-cultural Job Training programs; more than 25 percent secured jobs in solar panel installation, or serving as energy brokers, site surveyors, training instructors or other positions.

Under FEJA, Illinois utilities, like those in many other states, treat energy efficiency like other utility investments, and amortize them over the course of their useful lives. For example, the cost of ComEd rebates to customers for new LED lighting is amortized over the expected useful life of the new bulbs.

This allows the company to increase customer rebates and make other investments needed to achieve Illinois’ aggressive energy efficiency goals while reducing the impact on monthly bills.

FEJA will be in place through 2031 and is designed to strengthen and expand funding for Illinois’ Renewable Portfolio Standard by establishing a long-term procurement process and providing up to $220 million per year in funding for wind and solar development.

The grants are offered by the Chicago Blackhawks Foundation and United Airlines to support West Side businesses.

 
WEST SIDE — Small businesses owned by people of color on the West Side can apply for a recovery grant through Feb. 28 to help them stay afloat through the pandemic.

The Support West program will award $5,000 grants to selected businesses. The program is organized by the Chicago Blackhawks Foundation in partnership with United Airlines.

Business owners can apply for the grant on the Chicago Blackhawks Foundation website through the end of February. Recipients will be chosen in March.

Recognizing that the West Side was hit especially hard by the pandemic and economic slump, the grants aim to “assist in long-term recovery and elevate the economic corridors of West Side communities surrounding the United Center,” Blackhawks CEO Danny Wirtz said in a news release.

The grants will target people-of-color-owned small businesses that have 10 or fewer employees. Eligible businesses must have less than $250,000 in annual revenue. Applicants must also demonstrate a 25 percent loss in revenues due to the pandemic.

“We are pleased to partner with the Blackhawks to channel our resources to better ensure that the small businesses impacted by the coronavirus pandemic remain a valuable part of our city when we emerge from this pandemic,” Rahsaan Johnson, director of global sponsorship activation at United, said in a news release.

The Support West grants will be a partner program to One West Side, the Chicago Blackhawks Foundation’s efforts to invest in the West Side’s nonprofit community. One West Side has committed at least $2 million to funding leadership development and neighborhood programs in the area.

Nonprofit grantees from the One West Side program include MAAFA Redemption Project, the Austin Childcare Providers Network and West Side United.

On Dec. 15 I will be hosting a virtual town hall with officials from the Illinois Department of Commerce and Economic Opportunity to discuss job access and trainings during the COVID-19 pandemic. Register here: http://www.senatorvanpelt.com/jobaccesstownhall or stream on Facebook Live.

You can submit any questions you may have here: https://docs.google.com/forms/d/1O5loWsyOy61jMggLVOGjdzj7XYDj9zgdp1O9TyESIdE

Virtual townhall 2

 

The City of Chicago has begun accepting application for the $10 million Chicago Hospitality Grant Program. Announced by Mayor Lightfoot last week as part of an emergency hospitality relief package, this program will provide grants of $10,000 each to Chicago bars and restaurants that have been greatly impacted by the ongoing COVID-19 pandemic. The application will remain open until 11:59 pm central time on Monday, November 23rd and citywide recipients will be selected via lottery, with a portion reserved for businesses in low- and moderate-income Community Areas. To be eligible, bars or restaurants must be located in Chicago, have no more than $3 million in annual revenues and have experienced at least a 25% revenue loss due to COVID-19. For the full list of eligibility criteria, frequently asked questions and to apply, visit chicago.gov/hospitalityfund

hospitality.jpeg

Read more ...

COVID-19 Resources

Save Our Seniors

eNewsletter

Invalid Input
Invalid Input
Please let us know your email address.

pvp lawenfrcmt petition

work4il

Social Networks

facebook logotwitter-button

Office Info

District Office
1016 W. Jackson Blvd.
Chicago, IL 60607 
(312) 888-9191
(312) 277-3716 FAX

Springfield Office
129 Capitol Building
Springfield, IL 62706
217-782-6252