The company’s legislation, which is being carried by Rep. Kevin McCarthy (D-Orland Park), is designed to allow the utility to embark on a $2.6 billion modernization of its power grid over the next 10 years.
state’s top utility watchdog said the legislation would effectively do an end run around the Illinois Commerce Commission, which has had the traditional task of signing off on utility rate hikes.
“Under the guise of saying they want to modernize the grid, which could be a good thing if done right, what they’re really proposing to do is gut the regulatory system that’s been in place about 100 years and replace it with one that’s got far less oversight of rates and lead to rate increases year after year,” said David Kolata, executive director of the Citizens Utility Board.
to “pass through” costs to ratepayers without ICC approval.
“They’re in there,” Madigan said of the provisions, without elaborating. “It happened before. It could happen again.”
Click on the following for more details: ComEd seeks rat
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