Illinois Commerce Commission Rejects ComEd's Grid Plan, Requiring ComEd To File Revised Grid Plan By March 13, 2024 - Filing
Portfolio Pulse from Benzinga Newsdesk
The Illinois Commerce Commission has rejected ComEd's grid plan, mandating a revised submission by March 13, 2024. ComEd intends to request a rehearing on several issues such as ROE, capital structure, and the denial of a return on its pension asset.

December 18, 2023 | 10:30 pm
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ComEd, a subsidiary of Exelon Corporation (EXC), faces regulatory challenges as its grid plan is rejected, requiring a revised plan and potentially affecting financial projections.
The rejection of ComEd's grid plan by the Illinois Commerce Commission may lead to uncertainty regarding the company's future investments and earnings, potentially affecting Exelon's (EXC) stock in the short term. The requirement to file a revised plan indicates ongoing regulatory hurdles. ComEd's intention to seek a rehearing on key financial issues such as ROE and pension asset returns suggests potential financial impact. However, the exact financial implications are not clear at this stage, hence the confidence level is not at the maximum.
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