-- Connecting the dots between our economy, government and business --
Regulators greenlighted the increase for energy-efficiency programs. In a little over a month, they'll consider ComEd's separate $199 million rate hike request, which they'll have little choice but to approve.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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In a more perfect world the increased costs would not be allowed into the rate base and would instead force Con Ed to take it on the chin. Subsequently the shareholders of ConEd would demand the leaders be terminated. As always though in Illinois tradition everything will blow over and life goes on in Illinois.
I thought replacing our incandescent bulbs with LED’s will solve all our energy problems. We saved some money in the short term but now they will increase rates as often as possible.
No shame, the Madigan fiasco didn’t even slow them down. Steal while the democrats are in power, it won’t last forever.
Energy bills this winter are going to be out of control, I see it with my own utility bills.
Pray for a warm winter.
You’re in the Chicago area. Even a warm winter is a cold winter.