ComEd’s $650 million power play
How ComEd got the Illinois legislature to overturn Illinois Commerce Commission accounting decisions and charge customers an additional $650 million
Standing up to utilities and for consumers for 50 years.
How ComEd got the Illinois legislature to overturn Illinois Commerce Commission accounting decisions and charge customers an additional $650 million
Report ●
The Peoples Gas pipe replacement program failed to meet its pipe retirement goal for the 19th consecutive quarter, according to a new report filed Tuesday to the Illinois Commerce Commission.
The Peoples Gas pipe replacement program once again ended the year behind schedule and over budget according to a year-end report released Monday. Peoples Gas charged its residential customers nearly $157, on average, for the program in 2021. That has contributed to widespread home heating affordability challenges in Chicago. Despite this, Peoples Gas is on track to make record profits in 2021, surpassing the previous record set in 2020.
With colder weather imminent and rising gas commodity prices predicted to increase Chicago gas utility bills by 35% this winter, two new reports demonstrate that Chicago is facing a home heating affordability crisis, driven by the mismanaged, misdirected Peoples Gas pipe replacement program.
Peoples Gas released a second quarter report Friday on its troubled pipe replacement program. The report shows that the average Peoples Gas customer paid a $13.14 monthly surcharge for the program over the past quarter -- more than eleven times the $1.14 per month the legislature was told customers would pay when it passed a law authorizing the surcharge in 2013. In June, the surcharge accounted for 17 percent of the average customer’s bill, almost as much as the cost of the gas itself.