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…...