Statement By CUB Executive Director David Kolata On $17 Million ComEd Rate Cut
CHICAGO, March 23, 2017—We thank the Illinois Commerce Commission (ICC) for approving a $17.5 million Commonwealth Edison rate cut. This is good news for ComEd customers. While building a more reliable power grid is a major undertaking, ComEd’s customers shouldn’t have to pay a penny more than what the utility can justify. This rate reduction is small but welcome relief.
ComEd customers who want to send a thank you message to the ICC for this ruling can do so at www.CitizensUtilityBoard.org.
*The reduction is connected to a rehearing of a portion of a 2016 case in which ComEd received a $127.5 million delivery rate hike.
*The rehearing, agreed to by all parties, is tied to a reduction in employee bonuses after ComEd adjusted its reporting procedures to the federal Occupational Safety and Health Administration (OSHA).
*The rate cut affects delivery charges—what all customers pay to have the electricity delivered to their homes. Those charges take up about a third to a half of the bill.
CUB is Illinois’ leading nonprofit utility watchdog organization. Created by the Illinois Legislature, CUB opened its doors in 1984 to represent the interests of residential and small-business utility customers. Since then, CUB has saved consumers more than $10 billion by helping to block rate hikes and secure refunds over the years. For more information, call CUB’s Consumer Hotline at 1-800-669-5556 or visit CUB’s award-winning website, www.CitizensUtilityBoard.org.