To patrons of Commonwealth Edison Company:
Commonwealth Edison Company (“ComEd”) hereby gives notice to the public that on January 17, 2023, it filed with the Illinois Commerce Commission (“ICC” or “Commission”) proposed changes in its rates and charges for delivery services throughout ComEd’s service territory in northern Illinois to be applicable for the monthly billing periods inclusive of January 2024 through December 2027, pursuant to Section 16-108.18 of the Illinois Public Utilities Act (the “Act”).
As provided in Section 16-108.18 of the Act, the proposed delivery service charges for each year of the 2024-2027 Multi-Year Rate Plan (“MRP”) periods are determined from ComEd’s reasonable and prudent costs of service over the term of the plan. Those expected costs result in the following delivery service revenue requirements (in $1,000) on which new delivery services rates are determined for the MRP period including the 2024 deferred rate phase-in amount which will be recovered in 2026 in the annual adjustment proceeding to reconcile revenue requirements:
| $ in 000s | 2024 | 2025 | 2026 | 2027 |
| Base Rate Revenue Requirement | $3,757,912 | $3,932,500 | $4,149,156 | $4,351,935 |
| Less Deferred Rate Phase-in Amount | ($306,995) | N/A | N/A | N/A |
| Net Base Rate Revenue Requirement | $3,450,917 | $3,932,500 | $4,149,156 | $4,351,935 |
For residential customers receiving bundled fixed price electric service from ComEd, the delivery services charges are only a portion of the total bill. The remaining portion includes the cost of the electricity supply and other services, which are subject to the procurement process established by Section 1-75 of the Illinois Power Agency Act and the provisions of Section 16-111.5 of the Act and/or to regulation by the Federal Energy Regulatory Commission, and other charges such as taxes. Using the current cost for such other components, the estimated total bill impacts of changes in the delivery component for the 2024-2027 MRP period are provided herein. Decreases are denoted by parentheses () sign.
For residential customers, the current delivery portion of electric bills represents approximately 39% of the total electric bill, on average, while the supply and other portions account for the remaining 61%. Using current electricity supply and other charges, the proposed rates for the delivery portion result in an overall change in the total residential bills, on average, of approximately:
| 2024
With Phase-In Reduction |
2025 | 2026
With Phase-In Addition |
2027 | |
| Monthly Bill Change | $6.72 | $5.73 | $6.20 | ($1.67) |
| % Change | 7.2% | 5.7% | 5.9% | (1.5%) |
Total bill impacts for residential customers vary by delivery class and electric usage:
Single Family Without Electric Space Heating (forecasted 715 kWh per month)
| 2024
With Phase-In Reduction |
2025 | 2026
With Phase-In Addition |
2027 | |
| Monthly Bill Change | $8.19 | $7.16 | $7.72 | ($1.88) |
| % Change | 7.9% | 6.4% | 6.5% | (1.5%) |
Multi Family Without Electric Space Heating (forecasted 344 kWh per month)
| 2024
With Phase-In Reduction |
2025 | 2026
With Phase-In Addition |
2027 | |
| Monthly Bill Change | $4.15 | $3.23 | $3.50 | ($1.21) |
| % Change | 8.1% | 5.8% | 6.0% | (2.0%) |
Single Family With Electric Space Heating (forecasted 1,572 kWh per month)
| 2024
With Phase-In Reduction |
2025 | 2026
With Phase-In Addition |
2027 | |
| Monthly Bill Change | $9.07 | $7.79 | $8.37 | ($2.02) |
| % Change | 5.3% | 4.4% | 4.5% | (1.0%) |
Multi Family With Electric Space Heating (forecasted 779 kWh per month)
| 2024
With Phase-In Reduction |
2025 | 2026
With Phase-In Addition |
2027 | |
| Monthly Bill Change | $5.24 | $4.10 | $4.49 | ($1.35) |
| % Change | 6.0% | 4.4% | 4.6% | (1.3%) |
ComEd does not estimate total bill impacts for residential customers supplied by Retail Electric Suppliers.
The proposed delivery service rates for nonresidential customers in the Watt-Hour and Small Load delivery classes (100 kilowatts (“kW”) or less of demand), with varying usages result in overall average percentage changes for the total bill over the MRP period:
| 2024
With Phase-In Reduction |
2025 | 2026
With Phase-In Addition |
2027 | |
| Watt-Hour | 7.0% | 5.0% | 5.1% | (1.8%) |
| Small Load | 3.4% | 3.9% | 4.0% | (1.2%) |
Nonresidential customers with larger electric loads (greater than 100 kW) have a wide range of electric load characteristics in addition to electricity supply costs that cannot be reasonably estimated; therefore, the overall effect of the proposed delivery service rates on an electric bill for such customers cannot be determined.
The delivery service rates are applicable to all ComEd customers independent of whether electricity supply is procured and provided by ComEd or by a third party (i.e., a Retail Electric Supplier). A copy of the materials filed with the Commission and supporting data and documents may be inspected by any interested party at ComEd’s office located at Three Lincoln Centre in Oakbrook Terrace, Illinois. In addition, Commonwealth Edison Company will place an electronic version of this Public Notice with estimated bill impacts on its Internet website www.ComEd.com.
Customers are advised that the Commission may alter or amend the rates after hearings held pursuant to Section 16-108.18 of the Act and 83 Illinois Administrative Code Part 200, and may increase or decrease individual rates in amounts other than those requested by ComEd.
All parties interested in this matter may obtain information with respect thereto either directly from ComEd or by addressing the Chief Clerk of the Illinois Commerce Commission, 527 East Capitol Avenue, Springfield, Illinois 62706.
COMMONWEALTH EDISON COMPANY
By: T. R. Donnelly
President and COO