Commonwealth Edison (ComEd), founded in 1907 and headquartered in Chicago, Illinois, serves as a vital electric utility provider in the northern Illinois region. Its primary purpose is to deliver reliable electricity to over 4 million customers, contributing significantly to the area’s economic growth and energy efficiency initiatives. ComEd’s extensive service offerings include residential, commercial, and industrial electricity supply, alongside energy management programs designed to foster sustainability.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
ComEd has a notable history of bond issuance, with its first bonds recorded in the early 1900s. In 2020, the company issued $700 million in senior secured notes, demonstrating robust demand and a commitment to financing infrastructure improvements. Current yields for ComEd bonds generally align with industry averages, reflecting investor confidence in the utility sector. Noteworthy is the utility’s participation in the green bond market, with a $500 million issuance in 2021 aimed at funding renewable energy projects, marking a significant step in its commitment to sustainability and climate initiatives.