Suburban Nicor Gas files record rate hike
Nicor is asking regulators to approve its 4th rate hike in six years
Happy New Year! Are you sitting down?
Suburban Gas utility Nicor Gas is filing a record rate hike request, its fourth in six years. If approved, the average Nicor customer will see their monthly bill increase by more than $9.
Nicor once had steady rates – increasing by 28% over 37 years. But starting in 2018, Nicor raised rates three times in four years, for a total increase of 77%. With its new request, Nicor is remarkably on track to more than double its rates in just 6 years.
Nicor isn’t the only utility we expect to file rate hikes this week – Peoples Gas, North Shore Gas, and Ameren Gas have all made initial filings with utility regulators indicating a rate filing is on its way. And electric utilities ComEd and Ameren Electric will be filing “multi-year rate plans” by January 20th.
Along with increases in gas and electricity prices, Illinois utility customers could soon be paying a lot more on their monthly utility bills.
Topics
Updates
Energy Conservation & Efficiency
Clean lighting bill clears Illinois House
Lobby day secures bipartisan support for the Plastic Pellet Free Water Act
Stop The Overuse Of Antibiotics
Panera Bread backs off of no antibiotics policy
Energy Conservation & Efficiency
Groups urge Biden to ‘Finish the job’ on appliance efficiency
Energy Conservation & Efficiency