ComEd, the Illinois‑based regulated subsidiary of Exelon, filed a $13 billion four‑year grid plan with the Illinois Commerce Commission on January 17, 2026. The plan covers the 2028‑2031 period and outlines investments to upgrade transmission and distribution assets, expand grid‑scale energy storage, and enhance resilience against extreme weather events.
The plan aligns with the state’s Climate and Equitable Jobs Act and the newly enacted Clean and Reliable Grid Affordability Act, both of which mandate utilities to install 3 GW of grid‑scale storage by 2030 and to develop virtual power plants. By meeting these mandates, ComEd positions itself to support Illinois’ goal of 100 % carbon‑free power by 2045 while maintaining competitive rates.
ComEd projects that average residential bills will rise by roughly $2.50 to $3.00 per year starting in 2028, a modest increase that the company says will be offset by ongoing customer assistance programs. In 2025, the utility provided $108 million in assistance to 220,000 customers and plans to return over $803 million to customers in 2026, underscoring its commitment to affordability.
The Illinois Commerce Commission will review the plan over an 11‑month period and is expected to render a decision by the end of 2026. Approval will allow ComEd to recover the capital outlay through future rate increases, a key component of Exelon’s $38 billion capital plan through 2028.
ComEd President and CEO Gil Quiniones said the grid plan “ensures a reliable, affordable power grid that supports economic growth and Illinois’ clean‑energy priorities.” He added that the plan responds to the commission’s feedback and reflects the company’s focus on customer affordability while advancing state‑wide energy goals.
Exelon’s broader strategy emphasizes disciplined capital deployment and operational efficiency. The grid plan is a critical element of that strategy, enabling the company to sustain earnings growth of 5‑7 % annually through 2028 while meeting regulatory requirements and customer expectations.
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