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Chicago Tribune

Business

Robert Channick

ComEd’s proposed $1.47 billion rate hike challenged by watchdog group

Citing expert testimony and excessive profits, the Citizens Utility Board is petitioning state regulators to slash ComEd’s proposed four-year, $1.47 billion rate increase by more than 60%.

The filing Monday with the Illinois Commerce Commission seeks to reduce ComEd’s proposal by at least $914.5 million, with additional testimony by other watchdog groups and the Illinois attorney general’s office expected to bring the cumulative recommended cuts to over $1 billion.

The ICC set a Monday deadline for submitting testimony on the ComEd rate increase proposal.

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