ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

South Elgin to Use ComEd Smart Grid to Read Water Meters

Village seeks enhanced service, conservation & cost savings

The ComEd smart grid that has provided record levels of electric service and more control over energy use and costs will provide even more value for South Elgin, Ill., as it becomes one of the first communities in the region to use the smart meter infrastructure to enable smart water meters. The South Elgin Village Board of Trustees voted in favor of the plan on Monday.

“In addition to making service more reliable and resilient for families and businesses, ComEd’s smart grid network enables smart streetlights, smart water meters and other solutions that help conserve resources and enhance safety,” said ComEd President and COO Terence Donnelly. “By partnering with our communities, we’re delivering these additional benefits to residents and business owners without the burden and cost of building a redundant network.”

Water utilities can securely tap into ComEd’s system, which enables two-way communication over a fixed wireless network, to operate smart water meters without large capital outlays to build their own separate wireless infrastructure. Smart water meters create efficiencies including the ability to read water meters remotely, obtain hourly consumption data, perform remote connect/disconnect and leak detection.

“This is such a good step forward for everyone who pays a water bill in our community,” said South Elgin Village President Steve Ward. “With a glance at a computer or a smart phone, residents will know how much water they’re using at any point of the day, or if they have a leaking toilet or forgot to turn off a garden hose for a couple of days. It’s smart, and it can save money, too.”

The South Elgin Public Works Department will oversee the installation of approximately 8,000 smart water meters beginning this summer and concluding early next year. Cities throughout the world are realizing positive results by taking maximum advantage of their smart meter networks.

“Our project illustrates the power of a smart grid network that can support multiple applications,” Donnelly said. “We expect that other northern Illinois communities will soon follow South Elgin’s lead.”

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.

Contacts

ComEd Media Relations

(312) 394-3500

 

Recent Quotes

View More
Symbol Price Change (%)
AMZN  233.88
+0.66 (0.28%)
AAPL  283.10
+4.25 (1.52%)
AMD  219.76
+2.23 (1.03%)
BAC  53.24
-0.41 (-0.76%)
GOOG  315.12
-5.00 (-1.56%)
META  640.87
-7.08 (-1.09%)
MSFT  486.74
-5.27 (-1.07%)
NVDA  179.92
+2.92 (1.65%)
ORCL  200.94
-1.01 (-0.50%)
TSLA  430.14
-0.03 (-0.01%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.