This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ComEd Assessed 10,000 Manholes And Refurbished 6,200 Under Smart Grid Law

Stocks in this article: EXC

CHICAGO, July 1, 2013 /PRNewswire/ -- ComEd has assessed more than 10,000 manholes and refurbished more than 6,200 since 2012, as part of the grid modernization program under the Smart Grid law to improve the electric system's reliability.

Manholes are underground structures containing large electrical cables that power skyscrapers and densely populated residential and commercial neighborhoods across the system.

"This extraordinary work means shorter outages for families and businesses and is helping improve the safety of our workers," said Terence Donnelly, executive vice president and chief operating officer for ComEd. "It's part of our vision to improve the customer experience and be the new model utility."

The work in 2013 represents an increase in its base-year pace for manhole replacement, a result of the Smart Grid law. The aim is to assess all 32,000 manholes in ComEd's system by the end of 2017.

As part of the grid modernization effort, ComEd also is enhancing its manhole inspection program, capturing more data about the condition of manholes and accelerating its work to refurbish them to improve electric reliability and safety. To both maximize data gathering efficiency and minimize data entry error, ComEd's engineers have developed a new online assessment tool for capturing manhole data, including current condition and any unique issues.

ComEd has also begun using a 360-degree camera to provide full panoramic views of the manhole interior. The camera is used to capture both pre- and post-refurbishment images, which are attached electronically to manhole records in ComEd's system mapping tool. This program is creating a safer environment for ComEd's workers and has improved work planning, allowing workers to assess conditions in the manhole before entering.

The manhole inspection and refurbishment program supports jobs and economic development in northern Illinois. ComEd has been working with MZI Group, a construction firm based in Chicago's Near West Side, on the manhole project. The company has hired 18 electricians to perform this work and purchased $700,000 worth of equipment from Illinois-based companies.

"Not only is our manhole work improving the safety and reliability of the electric grid, it is putting Illinoisans back to work," said Arthur Miller, founder and CEO of MZI Group. "Some of our electricians had been out of work for an average of 15 months before being hired. This project has been a game-changer for our firm and for our workers and their families."

ComEd plans to invest $2.6 billion over 10 years to upgrade and improve the reliability of its system as part of the Smart Grid law. The utility has been working to improve its infrastructure and add smart technologies, bringing benefits to customers throughout northern Illinois.

Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC), the nation's leading competitive energy provider, with approximately 6.6 million customers. ComEd provides service to approximately 3.8 million customers across northern Illinois, or 70 percent of the state's population.

SOURCE ComEd

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs