Chicago is My Home

10
Apr

Chicago ComEd Opponents Speak Out on Wednesday Against Rate Increases

Author: Adam Fendelman, Category: Utilities

CHICAGO – While ComEd wants Chicago utility consumers to reach further into their pockets for more cash, consumer advocacy groups question the need for more rate increases.

The electric service provider has proposed that the Illinois Commerce Commission (ICC) grant a $361.3 million delivery rate increase that would amount to bills increasing 8 percent. For the average consumer, this is about $6 more on a $75 monthly bill.

ComEd, which is owned by Chicago-based Exelon Corp., is asking for consumers to endure two additional surcharges – also called riders – which are additional costs to consumers apart from the amount of electricity used. ComEd says the surcharges are necessary to cover costs from storm damage and maintenance.

ComEd says the surcharge is also needed because the company is seeing marginal return on profit. Opponents spoke out in Chicago against a rate increase on Wednesday evening at the first scheduled ICC public hearing.

“ComEd is profitable enough without raising costs again,” said AARP executive council member George O’Hare in Chicago. “They are balancing their corporate checkbook on the backs of Illinois consumers.”

By Stephanie Huls