ComEd and GE Sign $200M Smart Meter Deal to Modernize Northern Illinois Grid

ComEd selected GE to deliver approximately four million smart meters from 2013 to 2021 in a deal worth more than $200 million. The smart meters will allow ComEd’s customers to better manage their energy usage and help ComEd more quickly detect and restore power outages. Under Illinois’ 2011 Smart Grid Law, ComEd committed to invest more than $2.6 billion over 10 years to modernize its electric grid in Northern Illinois—more than $1.3 billion of which is earmarked to build a smart grid network and install smart meters in four million homes and businesses.