Commonwealth Edison Company · Chicago, IL United States
Company Description
Phone: 312-394-4321
Fax: 312-394-2231
Toll Free: 800-334-7661
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This link will open in a new window Commonwealth Edison (ComEd) faces the not-so-common task of powering up Chicago. ComEd, a subsidiary of utility holding company Exelon , distributes electricity to 3.8 million homes and businesses in Chicago and surrounding areas of Northern Illinois, 70% of the state's population. The utility owns more than 90,000 circuit miles of transmission and distribution lines; it receives most of its power supply from sister company Exelon Generation . ComEd has joined regional operator PJM Interconnection , which manages wholesale activities on the utility's transmission grid. To read the full description, subscribe now.
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Key Commonwealth Edison Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $6,136.0 |
| Employees | 6,000 |
Commonwealth Edison Company Executives
36 executives listed for Commonwealth Edison Company's Chicago, IL location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Frank Clark | Network |
| President and COO | Anne Pramaggiore | Network |
| SVP, CFO, and Treasurer | Joseph Trpik | Network |
Competition
Competitive Landscape for Commonwealth Edison Company
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Commonwealth Edison Company Competitors
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