Consumer watchdog group opposes ComEd rate hike
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[December 04, 2021]
By Kevin Bessler
(The Center Square) – A consumer watchdog
group is crying foul over the recent approval for a rate hike for the
power company Commonwealth Edison.
The Illinois Commerce Commission approved a $46 million rate hike for
what the company said was needed to cover various reliability
investments and effort to make the transition to renewable energy.
This comes on the heels of the approval of Nicor’s third increase in
four years to the tune of $240 million and will raise winter heating
bills even more than the nearly 50% already forecast.
“This is horrible timing by ComEd in the middle of a pandemic and we
already have an expensive winter,” said Jim Chilsen director of
communications for the Citizens Utility Board. ”Customers are already
dealing with high gas bills and now they are going to get hit with a
ComEd rate hike.”
Beginning in January, the average customer will see monthly bill
increases of about 16 cents, in addition to the 29 cents being added to
bills to cover energy efficiency programs.
The increase affects delivery charges, essentially what customers pay to
have electricity delivered to their homes. ComEd’s delivery rates are
set according to the state’s 2011 Energy Infrastructure and
Modernization Act, or the “smart grid bill.” The law uses a formula to
determine ComEd rates annually to cover system upgrades.
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CUB was opposed to the smart grid legislation, citing
too few consumer protections.
The power company made the news headlines in 2020, but for all the
wrong reasons. Four people were indicted in the ComEd bribery scheme
to influence former Illinois House Speaker Michael Madigan. The
company admitted the bribery scheme in the summer of 2020 and
subsequently agreed to pay a $200 million fine and cooperate with
investigators.
ComEd did not respond to a request for comment about the rate hike.
“Illinois consumers deserve a lot better,” Chilsen said. “ComEd has
hit them with multiple rate hikes over the years and we have this
corruption scandal, and that is why we are suing ComEd in state
court and working to secure refunds for customers harmed by the
scandal.” |