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.
Your gas bill could be about $12 per month higher next year — that’s the average increase per customer Peoples Gas estimates if it succeeds in raising rates. It’s the first time in nine years the utility company has asked for a rate hike.
‘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.
As the price of natural gas rises, it’s prompting some consumer and environmental advocates to call for homes to go all-electric.
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 committee of Chicago City Council members on Thursday unanimously approved a resolution calling on state lawmakers to take action on Peoples Gas rates, calling out the company for its multibillion-dollar System Modernization Program.
Peoples Gas, the private utility company that delivers natural gas to the entire city, is in the midst of a massive infrastructure upgrade – and consumers are paying for it.
An alderman is raising the alarm on the skyrocketing cost of natural gas prices in the city.
State regulators are set to approve a pipe modernization project that could double your natural gas bill over the next 20 years.
Why regulators are taking another look at Peoples Gas' expensive plan to overhaul its infrastructure and stick natural gas customers with the bill.
While hundreds of high schoolers picked up college acceptance letters Tuesday, others were getting their first professional workplace experience in a new CPS vocational training program.
Crain’s Chicago Business managing editor Ann Dwyer brings us the latest on a Peoples Gas settlement for misleading consumers, a new size strategy for Sears and an update on plans for a South Side trauma center.
The Citizens Utility Board and Illinois Attorney General Lisa Madigan have accused Peoples Gas of deliberately misleading regulators about the ballooning cost of a huge program to upgrade gas lines around Chicago. Tonight, we discuss the safety upgrades, the program's estimated cost and the claims about the company's actions with representatives from CUB and Peoples Gas.
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.
Crain’s Chicago Business senior reporter Steve Daniels takes a closer look at the soaring cost of Peoples Gas' massive gas main replacement program and higher charges coming to Commonwealth Edison customers.