 Company vice president Craig Nelson says Tuesday's filing is the
beginning of an effort by the utility to modernize the grid over the
next 10 years to meet the service expectations of Ameren's 1.2
million customers.The Illinois Legislature in November passed
legislation allowing Missouri-based Ameren and Chicago-based
Commonwealth Edison to boost rates with less regulatory oversight in
exchange for an upgrade of the electrical grid.
Despite that, ICC spokesman Randy Nehrt tells The Pantagraph in
Bloomington that regulators have a responsibility to conduct a
thorough investigation of the proposal.
If approved, the rate hike takes effect in October.
[Associated Press]
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