July 24, 2014 4:21 PM ET

Electric Utilities

Company Overview of Commonwealth Edison Company

Company Overview

Commonwealth Edison Company is engaged in the purchase and regulated retail sale of electricity. The company provides distribution and transmission services to residential, commercial, and industrial customers in northern Illinois. As of December 31, 2013, its electric distribution system consisted of 35,491 circuit miles of overhead lines and 30,626 circuit miles of underground lines. The company was founded in 1887 and is based in Chicago, Illinois.

440 South Lasalle Street

Chicago, IL 60605

United States

Founded in 1887

5,895 Employees

Phone:

312-394-4321

Fax:

312-394-2231

Key Executives for Commonwealth Edison Company

Chief Executive Officer
Age: 55
Chief Financial Officer
Age: 44
Chief Operating Officer and Executive Vice President
Age: 53
Chairman
Age: 55
Chairman of Exelon Corporation and Chief Executive Officer of Exelon Corporation
Age: 68
Compensation as of Fiscal Year 2014.

Commonwealth Edison Company Key Developments

ComEd Opens Emergency Operations Center

ComEd announced increasing its staffing and opening its Emergency Operations Center, in advance of severe weather expected to enter its service territory. The storm brings the potential for heavy rain, lightning and high winds with gusts in excess of 50 miles per hour. ComEd is preparing field crews and employees to respond to potential power outages resulting from the forecasted weather.

ComEd Announces Customer Friendly Bill Design

ComEd announced customer friendly bill design. ComEd residential customers can expect to see their billing information presented in a format that's easier to read and understand. The new design is the result of feedback ComEd solicited from its customers to ultimately produce a billing statement designed by and for its customers. The new bill design will help customers understand their energy usage, so they can take steps to better manage their electric bills. Customers can expect for the information on the new statement to be organized in order of importance, with summarized usage and charges on the front, contact information and messages on the back, and color-coded sections throughout, making it easy to find the information most important to them. Also, to generate new and innovative bill designs, ComEd partnered with crowdSPRING, an online marketplace for creative services, to launch a global competition with a community of designers. The designers were tasked with incorporating feedback from ComEd customers on bill improvements to create and submit a mock-up of a redesigned bill. More than 280 designs were submitted, and in September, ComEd selected the top three designs that best resembled the details customers said they want most. ComEd continued to gather customer suggestions on the three designs to refine the mock-ups based on this feedback and produce the final billing statement, which went through additional testing with residential customers to ensure it met expectations.

Commonwealth Edison Company Appoints Nicholas DeBenedictis as Director, Effective November 1, 2013

On October 22, 2013, the Board of Directors of Commonwealth Edison Company appointed Nicholas DeBenedictis to the Board to fill a vacancy created by an expansion of the size of the Board, effective as of November 1, 2013. Mr. DeBenedictis also serves as a director of Exelon Corporation, the parent company of Commonwealth Edison Company.

Similar Private Companies By Industry

Company Name Region
Marianas Energy Company, LLC United States
Shelby Electric Cooperative, Inc. United States
Iowa Lakes Electric Cooperative (Inc) United States
Oyster Creek Fuel Corp. United States
Metricom Finance Inc United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Commonwealth Edison Company, please visit www.comed.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.