ComEd Restores Power and Urges Energy Conservation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Yahoo Finance
- Power Restoration Progress: ComEd has restored power to over 45,000 customers following extreme heat and storms, yet 10,400 customers remain without power, highlighting the grid's vulnerability and sensitivity to severe weather.
- Continued Energy Conservation Request: Due to significant stress on the electric system, ComEd urges customers to conserve energy until 8 PM on Friday, which is crucial for maintaining grid stability and addressing the anticipated high temperatures.
- Emergency Response Measures: ComEd has been operating its Emergency Operation Center since Tuesday to repair substations impacted by extreme heat, ensuring rapid service restoration under severe weather conditions, reflecting the company's strong commitment to public safety.
- Enhanced Customer Service: The introduction of ComEd's new Outage Tracker allows customers to report outages, check estimated restoration times, and receive crew status updates, significantly improving customer service and information transparency.
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Analyst Views on EXC
Wall Street analysts forecast EXC stock price to rise
15 Analyst Rating
7 Buy
6 Hold
2 Sell
Moderate Buy
Current: 47.570
Low
39.00
Averages
49.46
High
57.00
Current: 47.570
Low
39.00
Averages
49.46
High
57.00
About EXC
Exelon Corporation is a utility services holding company engaged in the energy transmission and distribution businesses through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Its segments include ComEd, PECO, BGE, Pepco, DPL and ACE. ComEd segment is engaged in purchasing and regulating the retail sale of electricity. PECO segment is engaged in purchasing and regulating the retail sale of electricity and natural gas. BGE segment is focused on transmission and distribution of electricity and distribution of natural gas to retail customers. Through its business services subsidiary, Exelon Business Services Company, LLC (BSC), it provides its subsidiaries with a variety of support services at cost, including legal, human resources, finance, information technology and supply management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Company Background: Exelon is a Fortune 200 company serving nearly 11 million customers through six fully regulated transmission and distribution utilities, showcasing its leadership and market influence in the U.S. utility sector.
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ComEd Restores Power to 95% of Customers After Severe Storms
- Significant Restoration Progress: As of 11:30 a.m. Sunday, ComEd has restored power to over 283,000 customers, with approximately 14,000 still awaiting service, demonstrating the company's effective recovery efforts following four rounds of severe storms.
- Concentrated Impact Areas: The hardest-hit regions include Tinley Park, Burbank, Homewood, and several southern wards in Chicago, where ComEd is actively clearing tree damage and rebuilding the electric system to ensure power restoration in these communities.
- Resource Commitment: More than 1,900 ComEd personnel and contractors are working in shifts around the clock to safely restore power during the holiday weekend, reflecting the company's commitment and responsibility to customer service.
- Customer Safety Advisory: ComEd urges customers to report downed power lines immediately by calling 1-800-EDISON1 and emphasizes the importance of not approaching crews working on power restoration to ensure public safety.
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- Storm Impact Assessment: The storms brought wind gusts exceeding 50 miles per hour and frequent lightning, causing extensive tree damage in several communities, particularly in heavily affected areas such as Tinley Park, Burbank, and Homewood, highlighting the vulnerability of infrastructure to natural disasters.
- Emergency Response Team: ComEd has deployed over 1,300 full-time employees and contractors working around the clock to restore power, ensuring that all customers are serviced as quickly as possible during the holiday weekend, reflecting the company's commitment to customer safety.
- Customer Safety Advisory: ComEd urges customers to report downed power lines by calling 1-800-EDISON1 and advises against approaching work zones to ensure personal safety during restoration efforts, showcasing the company's responsibility in crisis management.
See More
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- Power Restoration Progress: Following severe storms in northern Illinois on Thursday night, ComEd has restored power to over 45,000 customers, yet 10,400 customers remain without electricity, highlighting the ongoing strain on the electric grid due to extreme weather conditions.
- Continued Energy Conservation Request: ComEd has urged customers to conserve energy until 8 PM on Friday amid extreme heat, aiming to alleviate grid stress and ensure reliable power supply, which underscores the company's commitment to public safety.
- Emergency Operations Center Activation: ComEd's Emergency Operations Center has been operational since Tuesday to address repairs at a substation affected by extreme heat, demonstrating the company's rapid response capabilities in crisis situations.
- Customer Safety Precautions: ComEd emphasizes the importance of reporting outages immediately and provides multiple contact methods, including text messaging and a mobile app, ensuring customers can access restoration information promptly and enhancing service convenience.
See More
ComEd Restores Power and Urges Energy Conservation
- Power Restoration Progress: ComEd has restored power to over 45,000 customers following extreme heat and storms, yet 10,400 customers remain without power, highlighting the grid's vulnerability and sensitivity to severe weather.
- Continued Energy Conservation Request: Due to significant stress on the electric system, ComEd urges customers to conserve energy until 8 PM on Friday, which is crucial for maintaining grid stability and addressing the anticipated high temperatures.
- Emergency Response Measures: ComEd has been operating its Emergency Operation Center since Tuesday to repair substations impacted by extreme heat, ensuring rapid service restoration under severe weather conditions, reflecting the company's strong commitment to public safety.
- Enhanced Customer Service: The introduction of ComEd's new Outage Tracker allows customers to report outages, check estimated restoration times, and receive crew status updates, significantly improving customer service and information transparency.
See More
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- Investor Relations Support: The conference will be accessible via a live audio webcast, with a link available on the Investor Relations page, ensuring all stakeholders can obtain real-time financial information, thereby enhancing transparency.
- Company Background: Exelon is a Fortune 200 company serving nearly 11 million customers through six fully regulated transmission and distribution utilities, showcasing its leadership and market influence in the U.S. utility sector.
- Commitment to Community: With over 20,000 employees, Exelon is dedicated to supporting communities through reliable, affordable, and efficient energy delivery, workforce development, and volunteerism, reflecting the company's strong commitment to social responsibility.
See More
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- Significant Restoration Progress: As of 11:30 a.m. Sunday, ComEd has restored power to over 283,000 customers, with approximately 14,000 still awaiting service, demonstrating the company's effective recovery efforts following four rounds of severe storms.
- Concentrated Impact Areas: The hardest-hit regions include Tinley Park, Burbank, Homewood, and several southern wards in Chicago, where ComEd is actively clearing tree damage and rebuilding the electric system to ensure power restoration in these communities.
- Resource Commitment: More than 1,900 ComEd personnel and contractors are working in shifts around the clock to safely restore power during the holiday weekend, reflecting the company's commitment and responsibility to customer service.
- Customer Safety Advisory: ComEd urges customers to report downed power lines immediately by calling 1-800-EDISON1 and emphasizes the importance of not approaching crews working on power restoration to ensure public safety.
See More
ComEd Progresses in Power Restoration After Severe Storms
- Power Restoration Progress: ComEd has restored power to over 200,000 customers following severe storms, with an estimate that 80% of customers will have power restored by the evening of July 4, and all remaining customers by Sunday evening, demonstrating the company's efficiency in crisis management.
- Storm Impact Assessment: The storms brought wind gusts exceeding 50 miles per hour and frequent lightning, causing extensive tree damage in several communities, particularly in heavily affected areas such as Tinley Park, Burbank, and Homewood, highlighting the vulnerability of infrastructure to natural disasters.
- Emergency Response Team: ComEd has deployed over 1,300 full-time employees and contractors working around the clock to restore power, ensuring that all customers are serviced as quickly as possible during the holiday weekend, reflecting the company's commitment to customer safety.
- Customer Safety Advisory: ComEd urges customers to report downed power lines by calling 1-800-EDISON1 and advises against approaching work zones to ensure personal safety during restoration efforts, showcasing the company's responsibility in crisis management.
See More
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- Power Restoration Progress: Following severe storms in northern Illinois on Thursday night, ComEd has restored power to over 45,000 customers, yet 10,400 customers remain without electricity, highlighting the ongoing strain on the electric grid due to extreme weather conditions.
- Continued Energy Conservation Request: ComEd has urged customers to conserve energy until 8 PM on Friday amid extreme heat, aiming to alleviate grid stress and ensure reliable power supply, which underscores the company's commitment to public safety.
- Emergency Operations Center Activation: ComEd's Emergency Operations Center has been operational since Tuesday to address repairs at a substation affected by extreme heat, demonstrating the company's rapid response capabilities in crisis situations.
- Customer Safety Precautions: ComEd emphasizes the importance of reporting outages immediately and provides multiple contact methods, including text messaging and a mobile app, ensuring customers can access restoration information promptly and enhancing service convenience.
See More
ComEd Restores Power and Urges Energy Conservation
- Power Restoration Progress: ComEd has restored power to over 45,000 customers following extreme heat and storms, yet 10,400 customers remain without power, highlighting the grid's vulnerability and sensitivity to severe weather.
- Continued Energy Conservation Request: Due to significant stress on the electric system, ComEd urges customers to conserve energy until 8 PM on Friday, which is crucial for maintaining grid stability and addressing the anticipated high temperatures.
- Emergency Response Measures: ComEd has been operating its Emergency Operation Center since Tuesday to repair substations impacted by extreme heat, ensuring rapid service restoration under severe weather conditions, reflecting the company's strong commitment to public safety.
- Enhanced Customer Service: The introduction of ComEd's new Outage Tracker allows customers to report outages, check estimated restoration times, and receive crew status updates, significantly improving customer service and information transparency.
See More
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- Energy Achievement: Mercy Housing's multi-family housing projects in Northern Illinois have earned over $1.5 million in incentives through the installation of energy-efficient equipment, expected to save 417,000 kilowatt-hours of electricity and 48,000 therms of natural gas, significantly reducing energy costs for residents.
- Environmental Impact: These energy-saving measures are projected to prevent nearly 1.4 million pounds of carbon emissions annually, equivalent to planting nearly 650 acres of trees or removing 150 cars from the road, showcasing Mercy Housing's commitment to sustainability.
- Partnerships: Mercy Housing collaborated with energy companies like ComEd and Nicor Gas to drive energy efficiency upgrades in over 2,000 affordable housing units, enhancing residents' quality of life while lowering energy expenses.
- Future Outlook: Mercy Housing plans to continue its partnership with energy companies to implement more energy efficiency projects, supporting clean energy goals and creating a more sustainable living environment for the community.
See More
