Quinn Says No to ComEd’s $70-Million Rate Hike Request

CHICAGO (AP) — Gov. Pat Quinn has rejected a plan to increase electric rates by roughly $70 million, a proposal ComEd says would have helped get so-called Smart Grid technology back on track.

Quinn vetoed the plan Sunday saying the bill would undermine oversight and force automatic rate hikes.

ComEd touted the bill as a way to clarify 2011 legislation allowing utilities to raise rates to fund a high-tech system. But executing it has been tricky.

The Illinois Commerce Commission and ComEd disagreed over implementation. ComEd filed a court appeal over technical matters. And ComEd faces a class-action lawsuit over installation delays.

The bill was meant to clarify some of those issues and speed up installation.

ComEd officials say they’re disappointed and the veto threatens jobs.

Comments are closed.