STOP ComEd Rate Hikes – Vote NO on SR 821!
Thursday, Nov 29, 2012
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ComEd is pushing Senate Resolution 821 in an attempt to reverse the ICC’s $133 million rate reduction decision – which will mean more rate hikes for struggling Illinois consumers and businesses.
ComEd says: We expected higher rates when it wrote the law (PA97-0616).
FACT: ICC applied the law (PA97-0616) as it was written.
ComEd says: The law “meant” that the ICC should throw accounting to the wind, charge consumers for unreasonably high costs, and impose the highest possible financing charges on consumers.
FACT: The law has the ICC set rates based on ComEd’s actual costs and standard accounting principles, and that is what the ICC did.
FACT: If the General Assembly adopts Senate Resolution 821 and attempts to rewrite the law to suit ComEd, consumer rates will rise not just this year, but in every year over the 10 years the formula rates will be in effect.
Haven’t we had enough of ComEd’s games? Vote NO on SR 821!