The Illinois Commerce Commission (ICC) on Thursday ruled on record ComEd and Ameren Illinois electric rate-hike requests. In the rulings, the ICC rejected the multi-year grid plans proposed by Ameren and ComEd for lacking any proof of their affordability, slashed the excessive shareholder profit rates pushed by the companies and…...
CUB applauds regulators for rejecting Peoples Gas “theatrics,” as ICC opposes latest bid to additional rate hike
The Illinois Commerce Commission (ICC) Thursday unanimously derailed a request by Peoples Gas to claw back $134 million of disallowed funding for its pipeline-replacement program in 2024. If approved, the motion would have added about $8 million to the record $300 million rate hike the utility received last month. Peoples Gas executives threatened…...
CUB calls on ICC to reject record rate hike for Peoples Gas after agency official recommends big increase for utility
An administrative law judge for the Illinois Commerce Commission (ICC) has issued a “proposed order” recommending that the ICC approve a record-high $350 million rate hike for Peoples Gas, awarding the company the vast bulk — 87 percent —of the $402 million increase it has sought from regulators. The recommended…...
Update on record-breaking rate hikes in 2023
By Eric DeBellis CUB General Counsel Regulatory Counsel Laura Loyd and I are dealing with a record six rate cases, totaling a whopping $2.9 billion. Where do the rate cases stand? Over the past year, CUB has filed expert testimony uncovering the utilities’ attempts to get state regulators to approve…...
Regulators say NO to Peoples, Nicor Gas
The Illinois Commerce Commission (ICC) has ordered a $15.4 million refund for Peoples Gas customers and most recently a refund of more than $31 million for Nicor Gas customers, two votes that may signal a tougher stance towards utilities whose rampant spending has helped spark a heating-affordability crisis in Illinois.…...
Disturbing new Peoples Gas filings shine light on mismanagement, stonewalling in troubled pipeline program
New filings with the Illinois Commerce Commission (ICC) reveal a disturbing pattern of mismanagement of the troubled Peoples Gas pipeline-replacement program, with the company not answering basic questions about the program and admitting it hasn’t done an overall cost-analysis in nearly a decade. (Read the joint release from Illinois PIRG…...
