Exhibit (23)-2
                                     Commonwealth Edison Company
                                     Form 10-K File No. 1-1839


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
                   -----------------------------------------
                                        

     As independent public accountants, we hereby consent to the incorporation
by reference in this Form 10-K of our report dated January 30, 1998, on
Commonwealth Edison Company and subsidiary companies' consolidated financial
statements as of and for the year ended December 31, 1997 (Report), included in
Commonwealth Edison Company's Current Report on Form 8-K dated January 30, 1998,
to the inclusion in this Form 10-K of our report dated January 30, 1998, on the
supplemental schedule of Commonwealth Edison Company as of and for the year
ended December 31, 1997, and to the incorporation of such reports into
Commonwealth Edison Company's previously filed prospectuses as follows: (1)
prospectus dated August 21, 1986, constituting part of Form S-3 Registration
Statement File No. 33-6879, as amended (relating to the Company's Debt
Securities and Common Stock); (2) prospectus dated January 7, 1994, constituting
part of Form S-3 Registration Statement File No. 33-51379 (relating to the
Company's Debt Securities and Cumulative Preference Stock); (3) prospectus dated
September 19, 1995, constituting part of Amendment No. 1 to Form S-3
Registration Statement File No. 33-61343, as amended (relating to Company-
Obligated Mandatorily Redeemable Preferred Securities of ComEd Financing I); (4)
prospectus dated June 13, 1997 constituting part of Form S-4 Registration
Statement File No. 333-28369 (relating to Company-Obligated Mandatorily
Redeemable Preferred Securities of ComEd Financing II); and (5) Form S-8
Registration Statement File No. 333-33847 (relating to the Commonwealth Edison
Company Excess Benefit Savings Plan). We also consent to the application of our
Report, incorporated by reference in this Form 10-K, to the ratios of earnings
to fixed charges and the ratios of earnings to fixed charges and preferred and
preference stock dividend requirements for each of the years ended December 31,
1997, 1996 and 1995 appearing in Exhibit 99 of Commonwealth Edison Company's 
Current Report on Form 8-K dated January 30, 1998.



                                         ARTHUR ANDERSEN LLP



Chicago, Illinois
March 27, 1998