Utilities stocks jump as yields fall: XLU closes at $46.50 heading into Fed minutes week

Commonwealth Edison has submitted a $15.3 billion grid upgrade plan to the Illinois Commerce Commission, covering 2028 through 2031, aiming to handle rising electricity demand. The utility said if the proposal gets the green light, average residential bills could rise by about $2.50 to $3.00 per month starting in 2028. ComEd also pointed out that demand growth is already stressing over 70 substations across its network, which serves roughly 4 million customers in northern Illinois.