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.
‘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.
Utilities companies like ComEd and Peoples Gas make money by delivering energy. The rates they’re seeking to hike are for distribution, including infrastructure like pipes and transmission lines, and the profit they can tack on to those costs.
The cost for natural gas is set to reach levels not seen since the polar vortex in 2014. Crain’s Chicago Business reporter Danny Ecker has details on that story and more.
A new energy initiative is encouraging area residents to get smart—by purchasing so-called smart thermostats–under a new rebate program that aims to cut heating costs. Will homeowners warm up to what is planned to be the country's largest smart energy initiative? We'll discuss the ambitious program with our panel of guests.