Exelon (EXC) Unit to Reduce Electricity Distribution Rate
Commonwealth Edison Company (“ComEd”), a unit of Exelon Corporation (EXC – Analyst Report), filed its annual delivery service formula rate request for the distribution of electricity to the Illinois Commerce Commission (“ICC”). If approved by the concerned authority, residential consumers will be getting electricity at lower remunerations applicable Jan 2016.
Per the appeal, the average monthly electric bill for residential customers will decrease by $1 from the previous level. It reflects a year over year decline of around $50 million in 2016.