ComEd’s smart grid program creates 3,000 jobs

ComEd said work related to its smart grid program resulted in more than 3,000 full-time equivalent jobs in the second quarter of 2013. The grid modernization program supported 1,036 full-time equivalent positions, including 289 at the utility and 747 with its contractors.

These include more than 1,000 direct full-time equivalent jobs at the utility and its contractors as submitted in a report to the Illinois Commerce Commission, plus more than 2,000 induced full-time equivalent positions.

In addition, based on the proportion of direct to induced jobs created by the program in 2012, ComEd estimates that 2,072 induced jobs were generated in the second quarter as a result of the ripple effect of capital spending. This represents an additional 300 jobs over the first quarter when the grid modernization program resulted in nearly 2,700 full-time equivalent positions.

The increase can be attributed to the continued ramp-up in infrastructure and smart meter investments. Last year, the smart grid work created 785 full-time equivalent jobs at the utility and its contractors along with an estimated 1,700 induced jobs.

The utility will also invest about $118 million in smart grid technology this year, including the deployment of 60,000 smart meters.

Previous articleCarlyle Group to buy six power plants in California, New Jersey
Next articleSiemens to build power plant, transmission in Argentina
The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

No posts to display