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An upgrade of the city's electrical system will begin this year and create about 2,400 jobs for Chicago, Mayor Rahm Emanuel and ComEd Chief Executive Anne Pramaggiore announced Wednesday.
As part of the jobs announcement, two out-of-state businesses plan to established offices here, and a new venture fund will be set up for energy-related businesses.
First comprehensive performance standards with penalties follow last month’s rate reduction request
ComEd today continued progress on its road to grid modernization when it submitted a filing with the Illinois Commerce Commission to establish a first-of-its-kind utility performance metrics program with financial penalties if it fails to achieve them.
"The Illinois state legislature overwhelmingly approved new “smart grid” legislation last month, giving a big boost to job creation and economic development throughout the state."