The number of broadband Internet connections in Illinois has exceeded the number of phone landlines for the first time, a sign that the use of traditional phone service continues to decline. Get the full story »
Inside these posts: Illinois Commerce Commission
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Exelon beats expectations in 4Q
Exelon Corp.’s fourth-quarter profitability beat Wall Street estimates, as the Chicago-based utility company reported Wednesday that it earned $631 million, or 96 cents a share during the quarter, compared with $610 million, or 92 cents in the year-ago period. Get the full story »
Agency trying to bring plug-in electric cars to Ill.
The first mass-market electric cars go on sale this month. And Illinois authorities want the state to be in the driver’s seat in using plug-in cars.
The state’s Commerce Commission formed a committee called the “Initiative on Plug-in Electric Vehicles” earlier this year. It has asked utility companies to respond by Dec. 15 on how plug-in cars would affect Illinois’ electric grid. After that, a public meeting is planned in January. Get the full story »
ICC wants to cut ComEd rate hike by 80%
From Crain’s Chicago Business | Illinois’ utility regulator has recommend that Commonwealth Edison Co. get a small fraction of the $400 million rate hike it requested. The Illinois Commerce Commission staff recommended a rate increase of $78 million, or roughly 7 percent on the average month residential electric bill. Get the full story>>
ComEd petitions court to rehear case
Commonwealth Edison is asking the Second Appellate Court to rehear its case following a decision earlier this month that removed the funding mechanism ComEd was using to pay for a smart grid pilot program in the Chicago area.
The decision also overturned a precedent the Illinois Commerce Commission has used for years to determine how much consumers pay on utility bills, a change that would mean an annual revenue loss of tens of millions of dollars for ComEd’s parent, Exelon Corp. and possible rebates for consumers.
The court has not decided if or when it will rehear the case. Get the full story »
ComEd petitions ICC to keep smart grid pilot alive
In light of a court ruling this month that placed funding for Commonwealth Edison’s smart grid pilot project in jeopardy, the utility is petitioning the Illinois Commerce Commission to wrap an additional $11 million into its $396 million rate-increase case.
The utility asked the commission to decide by the end of the month whether it will hear that request as part of a proposed 7 percent rate hike — a sign of good faith that would allow the utility to finish the project with the expectation that there would be some way for them to recoup the costs at a later day.
Get the full story »
ComEd padding utility bills, court rules
Commonwealth Edison has been padding customer bills to pay for improvements that are properly the utility’s burden, according to a Second District Appellate Court decision that could mean lowered utility bills for consumers.
The decision, handed down Friday, overturns a 2008 decision by the Illinois Commerce Commission that allowed the utility to pass on the costs associated with creating a “smart grid” to consumers, including a recently launched program to test smart meters as part of its “innovation corridor.” Get the full story »
ComEd asks ICC for $60 million
On the heels of a request for a 7 percent rate hike, Commonwealth Edison is asking the Illinois Commerce Commission to add $60 million to fund additional improvements. Get the full story »
CUB wary of ComEd 7% rate-hike request
Commonwealth Edison is seeking an electricity rate hike of about 7 percent, a move quickly met with skepticism from consumer advocates.
ComEd’s proposal, filed Wednesday with the Illinois Commerce Commission would add less than $6 per month to the average residential monthly bill of $86, the company said in a statement. Any approved new rates would not take effect until June 2011. The utility said it would use the money to modernize its grid by investing in technology that reduces the duration and number of power outages. The rate hike would also “recover the cost of substantial investments made since the last rate filing in 2007,” the company said. Get the full story »
