Commonwealth Edison electricity customers would get more than $38 million in refunds tied to the federal bribery scandal that led to former Illinois House Speaker Michael Madigan’s indictment, under a proposal being considered by state regulators.
While it would be about $17 million higher than the refund ComEd proposed in December, a utility watchdog estimated a typical residential customer would save “less than $5″ in the form of a credit on bills.
The new proposed order was filed this week by an administrative law judge at the Illinois Commerce Commission, which could consider the proposal by early September.
The proposal is designed to resolve two ICC investigations — one regulators initiated and one required by a new energy law approved last year. A key part of both probes was to examine whether ComEd improperly charged ratepayers costs tied to the scandal.
Read more here.
Leave a Reply