Expert testimony filed by CUB and other groups found that Illinois American Water’s $43 million rate-hike request should be slashed by more than 60 percent.
“The expert testimony clearly shows that Illinois American’s rate-hike proposal is bloated,” CUB Executive Director David Kolata said. “Among other things, the analysis reveals that the company is asking for an excessive profit rate, and it unfairly expects customers to cover executive bonuses that should be paid for by shareholders. Customers deserve better, and that’s why we’re pushing to cut this rate hike as much as possible.”
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