WBEZ | smart meters http://www.wbez.org/tags/smart-meters Latest from WBEZ Chicago Public Radio en ICC says ComEd can delay rollout of smart meters http://www.wbez.org/news/icc-says-comed-can-delay-rollout-smart-meters-104210 <p><p>The Illinois Commerce Commission has agreed to let Commonwealth Edison delay the rollout of so-called &quot;smart&quot; meters.</p><p>The digital devices record electricity consumption in greater detail than older meters. They will be installed on homes in ComEd&#39;s&nbsp;service area as part of a program to modernize the electrical grid to prevent outages and help consumers save money.&nbsp;</p><p>The ICC voted Wednesday to grant the company&#39;s request to postpone.</p><p>But the commission said it did not think ComEd&#39;s claim of insufficient funding for the project was valid.<br /><br />&quot;The rates that were approved by the commission allow them to recover all of their expenses associated with this project as well as to earn a return on their investment in it,&quot; said Beth Bosch, spokesperson for the commission.</p><p>ComEd disagrees with the ICC on 12 technical issues in the commission&#39;s proposed rate formula. The company said the ICC&#39;s formulas will decrease its revenues by at least $100 million per year and make the smart meter project unsustainable.</p><p>&quot;We are not going to be able to embark on a billion-dollar investment program without assurance of having adequate funding,&quot; said Judy Rader of ComEd.</p><p>ComEd wants to delay installation until 2015;&nbsp;the ICC said it will revisit the issue in April.</p></p> Wed, 05 Dec 2012 12:54:00 -0600 http://www.wbez.org/news/icc-says-comed-can-delay-rollout-smart-meters-104210