ComEd Nears Completion of Power Restoration After Severe Storms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Newsfilter
- Restoration Progress: ComEd has restored power to 99% of affected customers following the worst storms since 2020, demonstrating its rapid response capability under extreme weather conditions.
- Infrastructure Damage: Wind gusts reaching 80 mph and at least two confirmed tornadoes caused significant damage to ComEd's infrastructure, necessitating the replacement of nearly 500 utility poles and the use of over 295,000 feet of cable wire.
- Customer Impact: Over 674,600 ComEd customers experienced outages during the two days of severe weather, highlighting the challenges and pressures the company faced in managing a large-scale outage event.
- Employee Mobilization: During the peak of the response, ComEd mobilized over 3,000 employees and 2,200 contractors to ensure efficiency in complex restoration efforts, reflecting the company's commitment to customer service.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy EXC?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 45.510
Low
39.00
Averages
49.46
High
57.00
Current: 45.510
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.
ComEd Nears Completion of Power Restoration After Severe Storms
- Restoration Progress: ComEd has restored power to 99% of affected customers following the worst storms since 2020, demonstrating its rapid response capability under extreme weather conditions.
- Infrastructure Damage: Wind gusts reaching 80 mph and at least two confirmed tornadoes caused significant damage to ComEd's infrastructure, necessitating the replacement of nearly 500 utility poles and the use of over 295,000 feet of cable wire.
- Customer Impact: Over 674,600 ComEd customers experienced outages during the two days of severe weather, highlighting the challenges and pressures the company faced in managing a large-scale outage event.
- Employee Mobilization: During the peak of the response, ComEd mobilized over 3,000 employees and 2,200 contractors to ensure efficiency in complex restoration efforts, reflecting the company's commitment to customer service.
See More
ComEd Restores Power After Severe Storms in Northern Illinois
- Widespread Outages: Approximately 684,000 ComEd customers experienced outages due to severe weather over the past two days, highlighting significant damage to the power infrastructure and necessitating accelerated restoration efforts to meet customer needs.
- Significant Restoration Progress: As of 6 PM on June 12, ComEd restored power to about 582,000 customers, achieving a restoration rate exceeding 85%, indicating the company's effective response to the challenges posed by extreme weather.
- Emergency Response Deployment: During the peak of the response, ComEd mobilized over 200 crews and 3,000 personnel, establishing base camps at multiple locations to ensure rapid and effective restoration work, demonstrating the company's efficiency in crisis management.
- Customer Safety Priority: ComEd emphasizes public safety by encouraging customers to report downed power lines immediately at 1-800-EDISON1 and providing various contact methods for restoration information, reflecting the company's commitment to customer service.
See More
ComEd Launches $2.5 Million Business Customer Assistance Program
- Assistance Program Launch: ComEd has announced a $2.5 million assistance program aimed at helping eligible small and medium-sized businesses cope with rising PJM supply costs during the summer, ensuring these businesses can continue providing jobs to local residents.
- Clear Application Criteria: Eligible businesses must be located within ComEd's northern Illinois service territory, use less than 500 kilowatts of energy, and have an active commercial account with a past-due balance, ensuring that funds effectively assist those in greatest need.
- Strengthened Community Collaboration: The program is implemented in partnership with Neighborhood Housing Services of Chicago, aiming to provide direct financial support to small businesses in the community, enhancing their economic significance and promoting cultural vibrancy.
- Long-Term Commitment Reflected: This assistance program is an extension of ComEd's previous $10 million Customer Relief Fund, expected to provide bill relief to approximately 33,000 customers, reflecting the company's ongoing commitment to mitigating rising energy costs.
See More
ComEd Launches $2.5 Million Small Business Relief Fund
- Fund Size Announcement: ComEd has announced a $2.5 million relief fund aimed at assisting small and medium-sized businesses in northern Illinois cope with rising PJM supply costs, ensuring these businesses can continue providing jobs and contributing to local economic vitality.
- Clear Eligibility Criteria: Eligible businesses must be located within ComEd's service area, use less than 500 kilowatts of energy, and have an active commercial account with a past-due balance, ensuring that funds directly assist those most in need and enhance their financial stability.
- Historical Support Context: This relief fund builds on last year's $10 million Customer Relief Fund, which provided bill relief to approximately 33,000 customers, demonstrating ComEd's ongoing commitment to supporting small businesses amid rising energy costs.
- Community Partnership: ComEd is collaborating with Neighborhood Housing Services of Chicago to ensure effective management and distribution of the funds, reflecting the company's sense of responsibility and support for the community in addressing rising energy costs while strengthening partnerships with local organizations.
See More
ComEd Launches Energy Efficiency Pilot for Breweries
- Pilot Program Launch: ComEd has introduced the Breweries Pilot program aimed at helping breweries, distillers, and wineries reduce energy costs through free assessments and targeted solutions, focusing on energy-intensive operations to enhance efficiency.
- First Participant: Revolution Brewing, located in Chicago's Avondale neighborhood, is the first participant, receiving over $30,000 in Distributed Generation rebates to support the expansion of its rooftop solar array, furthering its clean energy initiatives.
- Solar Array Expansion: The brewery's updated solar array now stands at 180 kilowatts, expected to generate 158,547 kWh annually, offsetting about 20% of its energy usage and reducing CO2 emissions by approximately 176 tons per year, reinforcing its commitment to sustainability.
- Industry Impact: ComEd's energy efficiency program not only provides breweries with opportunities to lower operational costs but also supports sustainable practices, helping them navigate market pressures and meet consumer demand for environmentally friendly solutions, thus promoting the sustainable growth of Illinois' brewing industry.
See More
ComEd Exceeds $10 Billion in Renewable Energy Credits
- Renewable Energy Investment: ComEd announced that by the end of 2025, it has exceeded $10 billion in Renewable Energy Credits (RECs) under contract, equivalent to 383 million megawatt-hours of new renewable energy produced in Illinois, significantly enhancing access to clean energy and long-term customer savings.
- Distributed Energy Growth: As of 2025, ComEd's distributed energy resources (DER) reached 1.7 gigawatts, enough to power 306,000 homes for a year, marking a significant increase from 1 gigawatt in 2024 and demonstrating the company's rapid expansion in the clean energy sector.
- Community Solar Projects: ComEd has interconnected over 270 community solar projects with more than 480 under construction, ensuring all customers can benefit from clean renewable solar energy while reducing their electricity bills, further promoting the adoption of renewable energy.
- Policy Support and Future Planning: Under the Climate and Equitable Jobs Act passed in 2021, Illinois aims for 100% clean energy by 2050, with 40% from renewables by 2030, and ComEd's long-term investment plans will support this goal by ensuring financing and construction of renewable projects.
See More
ComEd Nears Completion of Power Restoration After Severe Storms
- Restoration Progress: ComEd has restored power to 99% of affected customers following the worst storms since 2020, demonstrating its rapid response capability under extreme weather conditions.
- Infrastructure Damage: Wind gusts reaching 80 mph and at least two confirmed tornadoes caused significant damage to ComEd's infrastructure, necessitating the replacement of nearly 500 utility poles and the use of over 295,000 feet of cable wire.
- Customer Impact: Over 674,600 ComEd customers experienced outages during the two days of severe weather, highlighting the challenges and pressures the company faced in managing a large-scale outage event.
- Employee Mobilization: During the peak of the response, ComEd mobilized over 3,000 employees and 2,200 contractors to ensure efficiency in complex restoration efforts, reflecting the company's commitment to customer service.
See More
ComEd Restores Power After Severe Storms in Northern Illinois
- Widespread Outages: Approximately 684,000 ComEd customers experienced outages due to severe weather over the past two days, highlighting significant damage to the power infrastructure and necessitating accelerated restoration efforts to meet customer needs.
- Significant Restoration Progress: As of 6 PM on June 12, ComEd restored power to about 582,000 customers, achieving a restoration rate exceeding 85%, indicating the company's effective response to the challenges posed by extreme weather.
- Emergency Response Deployment: During the peak of the response, ComEd mobilized over 200 crews and 3,000 personnel, establishing base camps at multiple locations to ensure rapid and effective restoration work, demonstrating the company's efficiency in crisis management.
- Customer Safety Priority: ComEd emphasizes public safety by encouraging customers to report downed power lines immediately at 1-800-EDISON1 and providing various contact methods for restoration information, reflecting the company's commitment to customer service.
See More
ComEd Launches $2.5 Million Business Customer Assistance Program
- Assistance Program Launch: ComEd has announced a $2.5 million assistance program aimed at helping eligible small and medium-sized businesses cope with rising PJM supply costs during the summer, ensuring these businesses can continue providing jobs to local residents.
- Clear Application Criteria: Eligible businesses must be located within ComEd's northern Illinois service territory, use less than 500 kilowatts of energy, and have an active commercial account with a past-due balance, ensuring that funds effectively assist those in greatest need.
- Strengthened Community Collaboration: The program is implemented in partnership with Neighborhood Housing Services of Chicago, aiming to provide direct financial support to small businesses in the community, enhancing their economic significance and promoting cultural vibrancy.
- Long-Term Commitment Reflected: This assistance program is an extension of ComEd's previous $10 million Customer Relief Fund, expected to provide bill relief to approximately 33,000 customers, reflecting the company's ongoing commitment to mitigating rising energy costs.
See More
ComEd Launches $2.5 Million Small Business Relief Fund
- Fund Size Announcement: ComEd has announced a $2.5 million relief fund aimed at assisting small and medium-sized businesses in northern Illinois cope with rising PJM supply costs, ensuring these businesses can continue providing jobs and contributing to local economic vitality.
- Clear Eligibility Criteria: Eligible businesses must be located within ComEd's service area, use less than 500 kilowatts of energy, and have an active commercial account with a past-due balance, ensuring that funds directly assist those most in need and enhance their financial stability.
- Historical Support Context: This relief fund builds on last year's $10 million Customer Relief Fund, which provided bill relief to approximately 33,000 customers, demonstrating ComEd's ongoing commitment to supporting small businesses amid rising energy costs.
- Community Partnership: ComEd is collaborating with Neighborhood Housing Services of Chicago to ensure effective management and distribution of the funds, reflecting the company's sense of responsibility and support for the community in addressing rising energy costs while strengthening partnerships with local organizations.
See More
ComEd Launches Energy Efficiency Pilot for Breweries
- Pilot Program Launch: ComEd has introduced the Breweries Pilot program aimed at helping breweries, distillers, and wineries reduce energy costs through free assessments and targeted solutions, focusing on energy-intensive operations to enhance efficiency.
- First Participant: Revolution Brewing, located in Chicago's Avondale neighborhood, is the first participant, receiving over $30,000 in Distributed Generation rebates to support the expansion of its rooftop solar array, furthering its clean energy initiatives.
- Solar Array Expansion: The brewery's updated solar array now stands at 180 kilowatts, expected to generate 158,547 kWh annually, offsetting about 20% of its energy usage and reducing CO2 emissions by approximately 176 tons per year, reinforcing its commitment to sustainability.
- Industry Impact: ComEd's energy efficiency program not only provides breweries with opportunities to lower operational costs but also supports sustainable practices, helping them navigate market pressures and meet consumer demand for environmentally friendly solutions, thus promoting the sustainable growth of Illinois' brewing industry.
See More
ComEd Exceeds $10 Billion in Renewable Energy Credits
- Renewable Energy Investment: ComEd announced that by the end of 2025, it has exceeded $10 billion in Renewable Energy Credits (RECs) under contract, equivalent to 383 million megawatt-hours of new renewable energy produced in Illinois, significantly enhancing access to clean energy and long-term customer savings.
- Distributed Energy Growth: As of 2025, ComEd's distributed energy resources (DER) reached 1.7 gigawatts, enough to power 306,000 homes for a year, marking a significant increase from 1 gigawatt in 2024 and demonstrating the company's rapid expansion in the clean energy sector.
- Community Solar Projects: ComEd has interconnected over 270 community solar projects with more than 480 under construction, ensuring all customers can benefit from clean renewable solar energy while reducing their electricity bills, further promoting the adoption of renewable energy.
- Policy Support and Future Planning: Under the Climate and Equitable Jobs Act passed in 2021, Illinois aims for 100% clean energy by 2050, with 40% from renewables by 2030, and ComEd's long-term investment plans will support this goal by ensuring financing and construction of renewable projects.
See More
