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State Approves Com-Ed Rate Hike

Thu, 19 Dec 2013 10:01:28 CST
By: AP

Commonwealth Edison customers will see higher electric bills next year after the Illinois Commerce Commission approved a distribution rate increase. The ICC says ComEd may collect an additional $340 million, largely to help offset its cost of modernizing the electric grid. ComEd says the average electricity customer will pay an extra $5.50 per month, but notes electric bills have declined since 2012 because of low energy prices. Ameren was told earlier this month to decrease electricity rates by about $45 million after the ICC determined the company had over collected for grid modernization. But the ICC now says Ameren may increase natural gas delivery rates by about $32 million a year. A spokeswoman says the company doesn't yet know how much that will cost the average customer.

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