Tucked away in a news release about a major water company’s COVID-19-related donations was a pitch for insurance plans that cover utility-related home repairs. While the company promises “the unexpected—protected,” such offers often end up costing customers more than they’re worth. American Water is the parent company of Illinois American,…...
What companies have the highest power prices in Illinois?
Ivonne Ortiz, CUB’s Environmental Outreach Coordinator, researches the prices offered by Illinois’ alternative electricity suppliers each week, and she has some significant updates for you: Supplier sued. State Attorney General Lisa Madigan has filed a lawsuit against Sperian Energy, seeking to bar the supplier from the Illinois market. The attorney general’s lawsuit…...
Despite monster profits, they still want YOU to pay more
The parent companies of Illinois’ major energy and telecom companies have made $12.5 billion in profits so far this year— so why exactly are so many Illinois utilities still asking for higher rates? Just check out these monster profits: Can you believe it? The parent companies are raking in the dough, but the utilities…...
IL energy, cable & phone companies made $17.7 billion in 2014
The parent companies of Illinois’ major electric, cable, natural gas and phone companies made a total of $17.7 billion in profits last year, according to a CUB review of recent filings with the Securities and Exchange Commission. Comcast: The cable, phone and Internet giant saw its 2014 profits top $8.4 billion…...
They made how much?
We’re fighting the utilities in nearly $1 billion in rate-hike battles, but a review of their parent companies’ 2nd quarter earnings would have more than a few Illinois consumers scratching their heads as to why the companies need all that extra cash. The parent companies of ComEd, Peoples Gas, North Shore Gas,…...
