Regulators at the Illinois Commerce Commission unanimously approved rate hikes for four major natural gas utilities, but the little-known regulatory body’s decision was perhaps more notable for what it rejected. The board flexed its regulatory muscle, slashing the utilities’ requested rate increases by as much as 50 percent.
Utility customers throughout Illinois will likely see higher natural gas bills beginning in January after staff at the state’s utility regulatory agency recommended rate increases for four gas companies.
The governor issued what’s called an amendatory veto, striking only the portion of House Bill 3445. He left the rest of the bill, which modifies a state grant program and requires several policy studies, untouched.
The Illinois Commerce Commission is considering several rate hikes, including two sought by the utilities Peoples Gas and Ameren Illinois, who say they are needed to fund infrastructure improvements.
‘Unprecedented’ number of rate cases pending before Illinois Commerce Commission
Millions of Illinoisans could see higher energy bills next year, but the size of those increases will be determined by a state agency that has recently had its oversight powers expanded.
For the first time since the start of the COVID-19 pandemic, Gov. J.B. Pritzker will present from the Illinois House chambers to a joint session of state representatives and senators.
Electricity is the talk in Springfield as the charged battle over the so-called "Smart Grid" bill comes to a head. Carol Marin joins us live from the state capitol, with Senate President John Cullerton, to discuss today's dramatic developments at the veto session.