Ill. Vote Will Delay $2.6B Smart Grid Upgrade, ComEd Says

Law360, New York (October 4, 2012, 8:17 PM EDT) -- Exelon Corp. subsidiary Commonwealth Edison Co. on Wednesday promised litigation and warned of harm to consumers after the Illinois Commerce Commission rejected some of its funding requests related to a $2.6 billion electricity system upgrade that includes creation of a digital smart grid.

The Chicago utility, which serves 3.8 million customers in northern Illinois, said the commission’s vote to allow it cost recovery on pension-related matters but deny money on a pair of other issues runs afoul of the state’s Energy Infrastructure Modernization Act, which lawmakers...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.