Chicago-area households could see their electric bills bump up by $6.72 per month next year — and that would only be the first of three straight annual hikes under a record-high $1.5 billion rate increase request filed by ComEd on Tuesday.
-area households could see their electric bills bump up by $6.72 per month next year — and that would only be the first of three straight annual hikes under a record-high $1.5 billion rate increase request filed by ComEd on Tuesday.
ComEd says that’s the cost of bolstering the region’s electric grid in a statewide effort to phase out carbon emissions and of protecting the system from severe weather damage as it becomes more common due to climate change. "The profit rate for shareholders is excessive. CUB and other consumer advocates will fight it," the organization tweeted.
Scarr quipped that the utility could "make out like bandits," referring to a comment from former Illinois House Speaker Mike Madigan that was captured on a federal wiretap and as part of the racketeering and bribery case against him.
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