Appearing today before a joint hearing of the Senate Energy Committee and the House Public Utilities Committee, ComEd President and Chief Operating Officer Anne Pramaggiore testified that electric grid modernization was a critical step to keep Illinois competitive and meet the challenges of the digital world.
Tuesday's joint committee hearing marked the beginning of a policy discussion on the best path to building a sustainable and technologically advanced grid. The Infrastructure Modernization Act would pave the way for badly needed energy infrastructure investment by reforming regulatory oversight.
The legislative proposal would do three things: 1) identify and direct appropriate investment for grid modernization; 2) reform the traditional regulatory structure to authorize and oversee such investments; and 3) create the framework for performance metrics designed to ensure that utilities deliver on the benefits promised to consumers.
