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The multi-year rate increase request is part of the state’s Climate and Equitable Jobs Act, a clean energy bill requiring Illinois utilities to get 40% of their power from renewable sources by 2030. If approved by state regulators, ComEd customers will pay an average of $17 per month more for delivery charges by 2027, the utility said.
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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A hard no to any rate increase at this time of record profits.
And you can insert your religion of Climate, Comed.
Send the bill to the fat man, he’ll gladly pay it
Too bad they don’t have the evil leprechaun to pimp for their increases any more.
$17 a month? That’s quite a bit actually. The goal really is to drive people and businesses out of state.
ComEd needs the rate increase for stuff that isn’t going to happen.typical democrat thinking? Electric vehicles? You can’t give them away!