Nicor trims record-setting rate hike request
By Steve Daniels, Crain’s Chicago Business. May 1, 2019
A settlement with staff of the Illinois Commerce Commission, filed with the ICC on April 16, takes the proposed rate increase to $180 million from $230 million when it was filed in November.
The Citizens Utility Board labeled the original proposal the largest it had ever seen by a natural gas utility in its 35 years of its existence as a consumer advocate.
Peoples hasn’t filed for a rate hike in years and has leaned heavily instead on a monthly surcharge it’s allowed to impose under a 2013 state law without regulatory scrutiny beforehand. That charge for the average household is expected to be about $10 per month this year.
To read the full Crain’s story, click here.