A coalition fighting state legislation that would set utility rates by formula will hold a rally at 1 p.m. Monday at Trinity United Church of Christ on the South Side. Get the full story »
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Testimony begins on utility rates, smart grid
Springfield – Consumer advocates, environmental groups, utilities, government officials and business leaders laid out their wish lists Tuesday for legislation aimed at modernizing the electrical grid, signaling that a version of the bill with added protections for consumers and businesses could have a future in Springfield.
The testimony at a joint hearing of the House Public Utilities and the Senate Energy committees will ultimately be used to hash out the details of Commonwealth Edison-backed legislation that calls for an overhaul of the regulatory process used to set utility rates. Get the full story »
ComEd to renew push for automatic rate hikes
Commonwealth Edison Co. is pushing for legislation that would increase gas and electric bills according to a formula, rather than through the more complicated regulatory process used today.
The company said a more streamlined regulatory process would allow it to quickly and predictably recoup investments aimed at modernizing the electrical grid rather than having to wait the 11 months needed to decide a rate case. A similar proposal ComEd brought forward last year that did not include the state’s other utilities, flamed out with lawmakers.
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