ComEd delaying smart grid modernization plan

October 3, 2012 3:46:29 PM PDT
ComEd says it will delay its modernization plan. The utility says the Illinois Commerce Commission only approved one of three requested rate increases.

ComEd says, without the additional revenue, it will delay the installation of smart meters until at least 2015.

The company says that also means a delay in the creation of 2,000 new jobs.