CHICAGO (WBBM NEWSRADIO) - The Citizens Utility Board says Commonwealth Edison’s proposed four-year electric rate hike should be cut by about 60%.
“ComEd is looking for a very large rate increase that we think the evidence shows is far overstated,” says David Kolata, Executive Director of the Citizens Utility Board.
He's referring to ComEd's request for a four-year, $1.5 billion rate hike, which would increase delivery rates by an average of $4.25 a month each year, for a cumulative increase of about $17 a month by 2027.
“We filed testimony,along with other stakeholders, and we think we’re going to be able to knock down that proposed rate increase,” Kolata says.
ComEd has released a statement to WBBM:
“We’re still analyzing CUB’s testimony, but based on an early review, we disagree with CUB’s assessment of our multi-year plans. Our proposed investments provide meaningful benefits to our customers and communities and support the goals of the state’s Climate and Equitable Jobs Act, and we look forward to working with the Commission and all participants in the proceeding to prove that out.”
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