Dive Summary:
- Commonwealth Edison's boosted rate request in Illinois gained traction with bipartisan support as a State Senate panel approved and it gained a veto-proof majority.
- The veto protection will be important as it heads to the desk of Governor Pat Quinn.
- The new rates, totaling $70 million per year, would go toward smart grid upgrades with the ultimate goal of providing savings to ratepayers.
From the article:
"... The boost in rates, totalling about $70 million per year, or 80 cents per month in 2017 for the average customer, would be aimed at helping ComEd further implement a smart electrical grid, according to a report by the Chicago Sun-Times. The increase was necessary, Cullerton was quoted by the Sun-Times, because the Illinois Commerce Commission interpreted previous legislation mandating ComEd to upgrade its grid as directing it to cut funding, too. ..."
