By Kevin Bessler | The Center Square
In what was a surprise to many, the Illinois Commerce Commission rejected the requested rate hikes proposed by the state’s major utilities.
Members of the ICC approved rate hikes for the four major natural gas utilities, but the board slashed the requested rate increases by as much as 50%.
Consumer advocates calling for more regulatory oversight on Illinois utility companies applauded the decision.
“Definitely a strong step forward,” said Jim Chilsen, director of communications with the Citizens Utility Board. “The Illinois Commerce Commission gave the utilities a strong message that it is no longer business as usual in Illinois.”
In one case, the ICC slashed the amount that Nicor Gas was requesting by nearly 30%. The ICC also cut out $36 million from a $71 million increase requested by Ameren Illinois.
“We are reviewing the details of the Commission’s decision and will have more information in the coming days,” said Nicor spokesperson Jinnifer Golz. “The additional funds are needed to help us meet evolving regulations, continue to modernize our system and recover inflationary costs. However, even with this rate increase, Nicor Gas’ distribution rates will remain among the lowest of any major gas distribution utility in Illinois.”
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