ComEd Adopts Plan to Save Customers Half Billion Dollars Through Energy Efficiency : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

ComEd Adopts Plan to Save Customers Half Billion Dollars Through Energy Efficiency

November 21, 2010

ComEd Adopts Plan to Save Customers Half Billion Dollars Through Energy Efficiency

CHICAGO (RPRN) 11/21/10 — NRDC, ELPC reach agreement with the utility to offset need for new coal plants

An agreement between Commonwealth Edison, environmentalists, and regulators will result in massive savings for ratepayers and potentially eliminate the need for new dirty coal plants in the region. The agreement, inked today, between the Natural Resources Defense Council, the Environmental Law and Policy Center and other parties is a three-year plan to install energy-saving technologies that will save $497.7 million for ComEd customers and 16 million megawatt hours of electricity  – that’s more power that the Fisk and Crawford coal plants in Chicago generated in the last 3 years.

“This agreement puts money back into ComEd customers’ wallets and helps to clean up skies over Illinois,” said Rebecca Stanfield, Senior Energy Advocate for the Natural Resources Defense Council.  “Energy efficiency is the least expensive and cleanest way for ComEd to meet its customers’ energy needs, and that makes it the cornerstone of a clean energy future. The savings can go back into the local economy, rather than being wasted on buying more power than necessary from polluting power plants.

A state law passed in 2007 requires ComEd and other utilities to submit energy savings plans to the Illinois Commerce Commission. The Environmental Law & Policy Center, Natural Resources Defense Council, Citizens Utility Board, the Illinois Attorney General and the City of Chicago worked with ComEd to improve their initial plan, identifying opportunities to increase efficiency and therefore lower customers’ bills and reduce pollution.

“Environmental and consumer advocates worked with ComEd and found ways to save a significantly greater amount of energy than proposed in ComEd’s original plan,” said Rob Kelter, Senior Attorney at the Environmental Law & Policy Center. “This is truly a win-win situation where customers benefit from lower bills and we get cleaner air in the Chicago region.” 

Under the Illinois law, utilities began with a modest 0.2% of their annual sales being displaced with energy efficiency savings.  This standard increases to 1% of sales in 2012, and will continue to increase until it reaches 2% of sales in 2015.  ComEd’s new 3 year plan to meet these goals will need to be approved by the Illinois Commerce Commission by the end of 2010.

Saving electricity through efficiency is much cheaper than generating additional power and avoids pollution from power plants.  Every dollar spent on efficiency saves between two and three dollars that would have been spent on power generation.  

Nineteen states have adopted similar energy efficiency portfolio standards, including several Midwestern states (Ohio, Michigan and Indiana) who followed the lead of Illinois. 

 

The Natural Resources Defense Council (NRDC) is an international nonprofit environmental organization with more than 1.3 million members and online activists. Since 1970, our lawyers, scientists, and other environmental specialists have worked to protect the world's natural resources, public health, and the environment. NRDC has offices in New York City, Washington, D.C., Los Angeles, San Francisco, Chicago, Livingston, Montana, and Beijing. Visit us at www.nrdc.org

The Environmental Law & Policy Center is the Midwest’s leading environmental legal advocacy and  eco-business innovation organization: www.ELPC.org

Media Web Address: http://www.nrdc.org/media/2010/101119.asp
About the author:

Frances Beinecke, NRDC President: NRDC is the nation's most effective environmental action organization. We use law, science and the support of 1.2 million members and online activists to protect the planet's wildlife and wild places and to ensure a safe and healthy environment for all living things.

http://www.nrdc.org/

Click here to see all news from this author/company

Filed Under: BREAKING NEWS, ENVIRONMENT, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Innovative Approach To Select Crawler Crane

Ghaziabad, UP 08/27/14 · If you run any production business or real...

Harper’s government targeting poor seniors on guaranteed income

Halifax, NS 08/27/14 · Under proposed changes to prescribed annuity taxation, Canadian...

Neurobiologix Releases New Cognitive Performance Supplements

Austin, TX 08/26/14 ·  - Neurobiologix, a specialty nutrition company, introduces Full...

Ice Bucket Challenge: Meet Rice Bucket Challenge

CARSON, CA 08/26/14 · Since Spring, the Ice Bucket Challenge has raised...

PR Coupon for one free press release distribution available NOW!

SAN FRANCISCO 08/25/14 · Be seen by thousands! Drive traffic to your...

WordBase Voted as No. 1 Word Game in the App Store

Vancouver, B.C. 08/22/14 · Two Danes have done the impossible. Their app...

Team Building Programs In a Rejuvenating Environment

GRAFTON, ONTARIO 08/14/14 · The knowledgeable and professional conference management team at...

Robin Williams Press Conference Prepared Statement - death by asphyxiation

San Rafael, Calif. 08/13/14 · My name is Keith Boyd. I am a Lieutenant...

A New and Intriguing shop now open in Vancouver

Vancouver, BC, Canada 08/13/14 · A quaint little green cottage that looks like...

Caring Alernatives Serving Monroe For Over 28 Years

MONROE, MI 08/12/14 · Caring Alernatives, Inc. offers services designed to help...

Investigation into Death of Actor Robin Williams

SAN RAFAEL, Calif. 08/11/14 · On August 11, 2014, at approximately 11:55 am,...

Bell Lifestyle Products Offers Erosyn to Help Women Enhance Their Sexual Energy

Mississauga, ON 08/08/14 · Mississauga, ON-based natural health supplements specialist Bell Lifestyle...

Philadelphia Promoters (The Heavy Hitters of Comedy) Produces Weekly Comedy Line-Up

Philadelphia, PA 08/08/14 · Philadelphia is known for it’s comedy venues and...