A new bill introduced in the Illinois General Assembly could increase Ameren and ComEd power bills— by $300 million per year! The bill would add a surcharge on to Illinois electric bills to boost Exelon’s nuclear power plants in the state. All customers would have to pay the charge (which would…...
New boost? No way!
Recent survey results reveal that CUB Action Network members aren’t too keen on an Exelon proposal that could increase power bills by $300 million per year. Or, as one feisty member put it: “They are already ripping off the public with high rates. Enough is enough!” Crain’s Chicago Business reported last week…...
Exelon proposes surcharge that would jack up ComEd, Ameren bills by an estimated $300 million/year
For more than a year now, we’ve been hearing rumblings that ComEd-parent Exelon would push for some type of legislation that would boost revenue for its fleet of nuclear plants. Now, Illinois’ largest energy company has gone public. As Crain’s Chicago Business reported earlier this week, the giant wants to…...
Keeping up with $1.6 billion in Illinois rate-hike battles
Consumer wallets took a big hit in January, with four utility rate increases–and a new $53 million natural gas rate-hike request. On Jan. 1, ComEd and Ameren were awarded a combined electric rate increase of $436 million (about $232 million for ComEd and $204 for Ameren). CUB filed a “petition for…...
As possible Springfield battle looms, Crain’s analysis finds Exelon nukes profitable
There’s an interesting published report on the health of ComEd-parent Exelon’s nuclear power plants as consumer advocates prepare for a possible battle with the energy giant. Exelon has claimed that its fleet of six nuclear power plants in Illinois are struggling and the company has been laying the groundwork for…...
Dynegy’s plans could be bad news for Ameren power bills
The northern Illinois power market hasn’t been working too well for consumers these days. Now a major electricity generator in the state wants to impose the same type of market on Central and Southern Illinois–and that would be bad news for Ameren electric customers. How different is the power market…...
A $580 million hit on our pocketbooks
Illinois consumers complain all the time about the power markets not working for them. For months now, we’ve also been hearing complaints from Exelon, the parent company of ComEd. Despite making $21 billion in profits over the last decade, Exelon says it needs help from ratepayers to boost revenue at its…...
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