ICC-Approved ComEd Energy Efficiency Plan to Save Consumers $4 Billion

New plan is part of the Future Energy Jobs Act set to expand energy
efficiency programs and savings for ComEd customers

CHICAGO–(BUSINESS WIRE)–The Illinois Commerce Commission yesterday approved ComEd’s new
four-year Energy Efficiency (EE) Plan under the Future Energy Jobs Act
(FEJA). The new plan is set to begin in 2018. It is the first of three
energy efficiency plans put in place by FEJA. In total, these plans are
expected to generate $4 billion in customer benefits by 2030.

The expanded energy efficiency funding is a key provision of FEJA, which
went into effect in June. As part of this first four-year plan, ComEd's
investment in energy efficiency programs will be $352 million per year,
a 40 percent increase over the previous $250 million budget. Significant
funding will be provided to grow existing programs for residential and
business customers, such as product rebates, energy assessments,
weatherization offerings, and retrofitting initiatives. There also will
be $42 million per year in funding set aside for low-income energy
efficiency programs and $50 million over the life of the plan for
research and development of new and innovative products and services.

“We are pleased the ICC has approved our four-year Energy Efficiency
Plan, which we expect to provide significant tangible benefits for all
of our customers,” said Val Jensen, Senior Vice President of Customer
Operations. “These 30-plus programs will result in more customer savings
and ensure all communities benefit from this landmark legislation. As
with the legislation, this plan reflects a level of collaboration with
environmental and consumer groups that is rarely seen around the
country. We know this plan is better for that collaboration”

Energy efficiency investments made through the FEJA also will create
thousands of clean energy jobs through expanded programs and energy
innovation, while preserving low rates and creating a competitive
economic advantage for Illinois

In preparation for the new plan, the charge for the Energy Efficiency
Program was zeroed out and the line item was removed from customer’s
bills from May through September. Starting in October, customers will
see the return of the Energy Efficiency Program line item on their
bills, but at an amount lower than the previous $2/month residential
average charge.

In addition to all of its energy efficiency benefits, FEJA will provide
job training for the future workforce, while also growing solar energy
and providing funding for low-income programs that extend to ComEd’s
customers through 2021.

Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon
Corporation (NYSE: EXC), the nation’s leading competitive energy
provider, with approximately 10 million customers. ComEd provides
service to approximately 3.9 million customers across northern Illinois,
or 70 percent of the state’s population. For more information
visit ComEd.com,
and connect with the company on Facebook,
Twitter
and YouTube.

Contacts

ComEd Media Relations
(312) 394-3500