Commonwealth Edison – Installation of Smart Meters in La Grange – Summer, 2016
In 2011, the Illinois General Assembly enacted the Energy Infrastructure Modernization Act (EIMA), providing $2.6 billion over 10 years to Commonwealth Edison (ComEd) to modernize its electric grid. The Act provides for the replacement of 4 million existing electrical meters in all homes and businesses in northern Illinois with new, digital, smart technology.
The cost of the smart grid improvements for residential customers is about $3 per month. ComEd reports that it will fully pass on to customers the operational savings that result from the smart meters which, over the next 20 years, are expected to be twice the amount of smart meter costs…
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