Commonwealth Edison, ComEd, is a unit of Chicago-based Exelon Corporation (NYSE: EXC), one of the nation’s largest electric utilities with approximately 5.4 million customers. Frank M. Clark is the chairman and CEO of ComEd. J. Barry Mitchell is president of ComEd.
ComEd and its more than 5,500 employees are responsible for maintaining more than 82,000 miles of power lines that make up the electric transmission and distribution system in Northern Illinois. ComEd also provides service to approximately 3.8 million customers across Northern Illinois, or 70 percent of the state’s population.
With a corporate history dating back to the early days of electric service in Chicago, ComEd long has been a responsible corporate citizen in Northern Illinois. ComEd and its employees are actively involved in communities throughout the region and sponsor many civic and cultural organizations. In 2006, ComEd and Exelon contributed $14 million to non-profit organizations, schools, museums, and performing arts organizations throughout Illinois with much of our support used to enhance the many organizations and educational institutions that enrich the lives of Chicagoans.
ComEd is committed to improving electric service reliability for its customers. Since 1998, the number of outages has decreased 33 percent, and the duration of outages is down by 45 percent.
Since the Illinois General Assembly passed the Restructuring Act in 1997, the state has been moving toward an open, competitive electricity market. ComEd customers have already benefited from this transition. ComEd customers saved about $4 billion as a result of the 20 percent residential rate cut and nine-year rate freeze that were put in place by the act.
ComEd’s service territory borders Iroquois County to the south (roughly Interstate 80), the Wisconsin border to the north, the Iowa border to the west and the Indiana border to the east.