City Council considers ComEd takeover

News
Timeframe bumped up for ComEd Smart Meters

ComEd’s Smart Meters are coming sooner to Chicago than expected – about three years sooner. The utility company plans to switch all 4 million meters in its territory to the new devices by 2018. Chicago’s south side started to get the Smart Meters last week. ComEd officials were displaying the new meters on the city’s […]

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CHICAGO — Chicago aldermen are talking about a city takeover of ComEd.

The electric utility has been providing service to the city under a franchise agreement that dates back to 1947.

It was last renewed in 1992 and is due to expire at the end of next year.

Nearly two dozen aldermen are urging the city to study the idea of using ComEd’s infrastructure to run its own power company.

Supporters say it would allow the city to set cheaper rates for low-income residents.

Mayor Lori Lightfoot says her office is studying the idea.

ComEd officials say the company would like to continue providing Chicago’s power.

Popular

Latest News

More News