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Com-Ed Refund Ordered

Wed, 02 Oct 2013 17:12:14 CDT
By: AP

An appeals court says ComEd must refund almost $37 million to its northern Illinois customers. The ruling follows a six-year legal dispute. The utility company can still appeal to the Illinois Supreme Court. The litigation stems from a $274 million rate hike in 2007. The Citizen's Utility Board and the state's attorney general said customers should have gotten some money back because of equipment depreciation. If the $36.7 million were to be divided equally among ComEd's 3.7 million ratepayers, customers would get about $10 back apiece. The utility issued a statement saying it was ``disappointed'' in the court ruling and is reviewing the opinion.

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