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ComEd Customers Save $12 Billion Through Award-Winning Energy Efficiency Program

ComEd鈥檚 EE Program, One of the Largest in the Nation, Continues to Help New Customers Reduce Energy Usage and Costs, While Saving Enough Energy to Power 12 Million Homes for a Whole Year

CHICAGO--(BUSINESS WIRE)-- ComEd today announced that its industry-leading has helped customers save more than $12 billion on their energy bills since its launch in 2008. This achievement reflects the dedication of partners, customers and communities working together to build a cleaner, more efficient energy future. The milestone was celebrated at Fox Ridge Apartments, a 48-unit complex in South Elgin, IL, which received a $302,000 rebate through the award-winning program for extensive energy-efficiency upgrades including lighting, heat pumps and weatherization.

鈥淐omEd is proud to support our customers with EE offerings that can help families and businesses reduce energy use, lower bills and contribute to a cleaner environment,鈥� said , Senior Vice President of Customer Operations and Strategic Initiatives at ComEd. 鈥淭his milestone reflects our commitment to empowering customers to switch to energy-saving technologies and practices that can help reduce energy usage during peak summer season and year-round.鈥�

EE provides customers a viable way to reduce their own energy usage and costs, at a time when typical due to increases in capacity market prices alongside higher usage with this summer鈥檚 extreme heat. Customers who participate in EE offerings receive incentives for products that range from appliances to heating and cooling systems.

To support customers, the ComEd EE Program, which has expanded annually since its launch in 2008, delivers an estimated $223 million in customer incentives each year. These incentives help offset the cost of upgrades that improve energy efficiency and reduce carbon emissions, while also creating opportunities for local contractors and tradespeople.

鈥淚 am always looking for ways to improve the living experience for our residents, and thanks to ComEd鈥檚 Energy Efficiency Program, we received a $302,000 rebate that helped us install new lighting, heat pumps and weatherization improvements,鈥� said Vijay Gupta, owner of Fox Ridge Apartments. 鈥淥ur residents are already seeing the difference鈥攍ower bills, better temperature control and a more comfortable home. These improvements will continue to pay off for years to come.鈥�

The impact of the EE Program goes beyond the individual customer savings. Since 2008, the program has helped curb usage of 103 million megawatt-hours of electricity. This is enough energy to power more than 12 million ComEd customer homes for one year. The program has also helped avoid more than 77 billion pounds of carbon emissions that contribute to climate change, which is the equivalent of removing 8.2 million cars from the road for one year or planting more than 35 million acres of trees.

鈥淓nergy efficiency remains one of the most effective tools for building a cleaner, more affordable energy future,鈥� said Paige Knutsen, Executive Director of the Midwest Energy Efficiency Alliance (MEEA). 鈥淓fficiency programs help families and businesses use energy smarter, reduce costs, and strengthen the reliability of our energy systems. ComEd's leading energy efficiency program is a strong example for how we can support customers in taking energy management into their own hands and lower energy expenses for families that need it most.鈥�

Today鈥檚 announcement was attended by local leaders and energy stakeholders, including South Elgin Deputy Village Administrator Megan Golden, South Elgin Community Development Director Nancy Hill, Illinois Commerce Commissioner Stacey Paradis, State Representative Dan Ugaste and Executive Director of MEEA Paige Knutsen.

For more information about the ComEd Energy Efficiency Program, visit . Business customers can visit .

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation鈥檚 largest utility companies, serving more than 10.7 million electricity and natural gas customers. ComEd of more than 4 million customers across northern Illinois, or 70 percent of the state鈥檚 population. For more information, visit , and connect with the company on , , , and .

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