Retroactive Rate Hikes plus Interest!?!
Tuesday, Mar 12, 2013
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ComEd and Ameren are at it again – this time trying to pit the General Assembly against the Commerce Commission with Illinois consumers caught in the middle.
House Bill 2529 is not about improving infrastructure, or ending ComEd’s smart meter delay. It’s about money — your money! ComEd and Ameren want to get more of you money through higher rates. And they will even charge you interest!
ComEd and Ameren are failing to meet the very metrics they wrote in PA97-0616. But instead of being accountable to ratepayers and legislators, HB2529 would make it look that they are in compliance with the law and grant them retroactive rate hikes plus interest.
“…ComEd will be allowed to charge ratepayers interest on its unreimbursed pension contributions with no regulatory review.”
We urge the General Assembly to hold ComEd and Ameren accountable and Vote NO! on HB2529