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Stock impact report

$606M rate increase approved for ComEd's revised energy plan by state regulators [Yahoo! Finance]

Exelon Corporation (EXC) 
Last exelon corporation earnings: 2/11 06:50 am Check Earnings Report
US:NYSE Investor Relations: exeloncorp.com/investor-relations
Company Research Source: Yahoo! Finance
On Thursday, the Illinois Commerce Commission approved $1.5 billion in investments and system improvements “needed to strengthen power grid reliability and support the ongoing electrification of the state's power system,” according to an ICC news release. ComEd had proposed $2 billion in spending through 2027, however, so the ICC's decision cut that by about 25%. The ICC's decision also reduced ComEd's rate increase request for the next four years by 11%, according to the release. McClain defense team rests; Madigan's counsel now presenting their case The impact of the decision on individual customers will vary based on service class and energy usage, the release says. The ICC approved the $1.5 billion spending plan as utilities try to meets the goals of the Climate and Equitable Jobs Act (CEJA), signed by Gov. JB Pritzker in 2021. The CEJA requires the state's largest investor-owned electric utilities to file grid plans designed to accelerate progress toward Illinois' clean Show less Read more
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