That $1.5 billion hike translates into $17 more per month on your electric bill by 2027, that's if ComEd gets its way.
– It's not exactly news Chicago residents want to hear, but electric bills may soon be increasing.
In a filing on Tuesday, the utility company asked state regulators to hike its delivery rates by $1.4 billion over the next four years as part of an effort to invest and strengthen its grid as demand is surging. Year after year, rates will go up. By 2027, the average monthly bill will surge to $110 or $1,320 a year.
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