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The Latest Breaking News from the Illinois Commerce Commission

The fight over public utility rate hikes in Illinois is far from over

Organized labor and the business community are demanding far more robust infrastructure spending, while the governor’s people point to very real cost considerations for consumers.

Chicago Sun-Times

A nod to the Illinois Commerce Commission for preventing utility costs from soaring

Thursday, the ICC told ComEd it needs a better plan for ensuring its electric grid improvements are cost-effective.

Chicago Sun-Times

Peoples Gas customers dodge heftier rate hike with regulators’ rejection of utility’s controversial pipeline replacement

The Illinois Commerce Commission cut off spending for the pipe program last month pending an investigation into the project, which is years behind schedule and billions of dollars beyond initial budget estimates.

Chicago Sun-Times

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State regulators pull plug on $1.5 billion rate hike sought by ComEd

A split decision from the Illinois Commerce Commission sends ComEd back to the drawing board for a plan that lines up with a clean energy law signed by Gov. J.B. Pritzker — and it means Chicagoans will see much smaller electric bill increases than expected in the new year.

Chicago Sun-Times

Broader Market Settles Higher on Fed’s Dovish Pivot

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.15%. Stocks on Thursday settled mixed, with the S&P 500...

Barchart

ICC must continue with aggressive oversight of public utilities

ComEd and Ameren are asking us to pay more to get less. As the state transitions to clean energy, the Illinois Commerce Commission should right-size electric utilities’ spending and limit the financial impact on customers.

Chicago Sun-Times

Peoples Gas warns of lost jobs, dangerous conditions unless regulators OK pipe replacement funding

In a sweeping ruling last month, the Illinois Commerce Commission put a halt to the utility’s perennially delayed and over-budget pipe project, but Peoples Gas says it needs money to wrap up the project safely.

Chicago Sun-Times

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Regulators cut Peoples Gas rate hike, pause funding for over-budget pipe replacement program

The Illinois Commerce Commission voted to slash the utility’s pipe replacement budget for 2024, paused the program and ordered an investigation into the spending that Chairman Doug Scott said ‘is not justified.’

Chicago Sun-Times

Peoples Gas rate hike would hurt Chicagoans struggling to pay utility bills, advocates say

The higher charge would result in an average monthly bill increase of $11.83 — or $141.96 a year. A vote is set for Thursday.

Chicago Sun-Times

Cut recommended to Peoples Gas’ $402M rate increase request, but it’s still a record hike

An administrative law judge has recommended the Illinois Commerce Commission approve rate increases totaling about $350 million.

Chicago Sun-Times

Gas pains: Don’t hold back on speaking out about Peoples Gas rate hike proposal

You have a chance to make your feelings known about the utility’s request for a $402 million rate hike at a public hearing Tuesday before the Illinois Commerce Commission.

Chicago Sun-Times

Regulators seeking public comment on proposed $402 million Peoples Gas rate hike

The Illinois Commerce Commission will host a public forum Tuesday soliciting public comment on the proposed hike, which would raise the average residential bill by $11.83 a month starting next year.

Chicago Sun-Times

Peoples Gas rate hike should be slashed by $63 million, consumer watchdogs say

Peoples Gas maintains that most customers’ bills would remain “largely flat” despite the $402 million rate increase they’re asking the Illinois Commerce Commission to approve.

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