EXC Exelon Corporation

ComEd Smart Meter Technology Wins for Program of the Year

ComEd’s smart meter outage reporting functionality was named Program of the Year for Customer Engagement at the 2017 DistribuTECH Conference. The program was recognized for the technology that allows ComEd to remotely check a meter for service trouble when a customer reports an outage.

In ComEd’s service territory, 60 percent of the outages reported on “blue sky days” are usually due to a problem on the customer-owned equipment —typically a problem with the property’s circuit breakers. When a customer outage is reported, a signal or “ping” is sent to the smart meter. A response from the meter indicates the outage is the result of customer equipment; no response means there is a potential electrical system issue. ComEd has seamlessly integrated a meter ping across all of its customer-facing outage reporting channels including ComEd.com, mobile app, mobile web, text (SMS), and Facebook.

The result of this technology has been faster notification to customers of potential outage causes. In 2016, nearly 70,000 outages were reported through a customer outage reporting channel. Through the meter “ping” technology, nearly 29,000 fewer crews have had to be sent to investigate those outages, creating operational savings that are passed along to customers and reducing greenhouse gas emissions from fewer trucks driving to outage locations.

“We’re honored to be recognized for this technology,” said Val Jensen, Senior V ice President of Customer Operations, ComEd. “Part of the promise of smart meters has been the ability to have greater awareness of outages and causes. The meter “ping” capability means we can more quickly prioritize and respond to customer needs.”

ComEd has been installing smart meters for its 3.8 million customers since 2012. It expects to be complete in 2018. Customers with smart meters can take advantage of ComEd’s smart meter-enabled tools and make a direct impact on their electric bills, including:

  • Personalized Energy-Management Tools are available by logging into your online ComEd account. Here, customers can access free personalized energy saving tips, set savings goals, enroll in high-usage alerts which notify customers when their electricity is trending higher than usual for their household, and sign up to receive weekly usage reports via email.
  • Hourly Pricing program allows residential customers to pay the hourly prices for electricity which means customers can save by using electricity when prices are lower. Participants also receive customer support and services to help manage costs with hourly pricing. Services include real-time high price alerts, predicted day-ahead high price alerts, an online bill comparison tool, and information to help guide energy decisions.

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 3.8 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.

EN
06/02/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Exelon Corporation

 PRESS RELEASE

Exelon Appoints David DeWalt to Board of Directors

CHICAGO--(BUSINESS WIRE)-- Exelon (Nasdaq: EXC) today announced the appointment of David DeWalt, founder and chief executive officer of cybersecurity and venture capital firm NightDragon, to its Board of Directors effective March 10, 2025. This press release features multimedia. View the full release here: David DeWalt, founder and chief executive officer of cybersecurity and venture capital firm NightDragon. (Photo: Business Wire) DeWalt, 60, is a global authority on technology, security and safety, and he helmed cybersecurity industry leaders FireEye, Inc., and McAfee, Inc., before founding ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 and Nasdaq 100 Testing Initial Support In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments. We also said it likely means at least another 2-4 weeks of consolidation, and that if the S&P 500 remains below 6100 and 6150 resistances, do not be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers (though we need 5...

 PRESS RELEASE

Exelon Reports Fourth Quarter and Full Year 2024 Results and Initiates...

CHICAGO--(BUSINESS WIRE)-- Exelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2024. "I am pleased to announce Exelon has delivered against our financial goals for the third straight year since becoming a transmission and delivery-only company, and we delivered top quartile performance across all our local energy companies, with ComEd and Pepco Holdings in the top decile," said Exelon President and Chief Executive Officer Calvin Butler. "Our commitment to our customers, grid reliability, community investment and being an economic engine ...

 PRESS RELEASE

Exelon’s Local Energy Companies Recognized as “Customer Champions” in ...

CHICAGO--(BUSINESS WIRE)-- Exelon’s local utility companies BGE, ComEd, Delmarva Power and Pepco were named by Escalent, a leading research, data analytics and advisory firm specializing in human and market behavior. The study evaluates utility companies’ ability to deliver effective customer programs with clear communications about improvements – all while building and engaging in customer relationships. Customer Champions are distinguished amongst their industry peers in measured attributes that ensure customer awareness in areas ranging from customer service to energy savings. The web-...

 PRESS RELEASE

Exelon Corporation Announces Chief Legal Officer and Corporate Secreta...

CHICAGO--(BUSINESS WIRE)-- Exelon Corp. (Nasdaq: EXC) announced today that it is consolidating the executive leadership team, with Gayle Littleton stepping down as Executive Vice President, Chief Legal Officer and Corporate Secretary, effective Jan. 1, and assuming the role of Special Advisor to the CEO until March 31. Colette Honorable will assume responsibility for the Legal Department in an expanded role and will be named Chief Legal Officer and Corporate Secretary. Honorable, currently Executive Vice President, Public Policy and Chief External Affairs Officer, will continue leading federal...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch