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CHICAGO TRIBUNE (6/9/11): “The utilities stand to earn a return of 6 percentage points over the 30-year Treasury rate—that’s a profit of more than 10 percent at present. The profit could soar if interest rates rise, and apart from a weak provision written into the measure, the sky’s the limit. The bill also has a rate cap that applies only to part of the period it covers. The formulas for both return on equity and rate caps should be strengthened.”
ROCKFORD REGISTER STAR (6/7/11): “As we wrote in a May 22 editorial, the complex regulatory process in Illinois has served consumers well. There’s no need for the company to do this end run and weaken protections in place for decades.” “…ComEd thinks the regulatory process is broken – and its remedy is a guarantee of double-digit profits for the next decade.”
CRAIN’S CHICAGO BUSINESS (6/27/11): “The bill guarantees the utility an investment return of more than 10% annually, paid for by its customers. It also would weaken regulatory oversight of ComEd, the monopoly electric supplier to homes and small businesses in Northern Illinois.”
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Tuesday, Oct 11, 11 @ 9:54 am
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Previous Post: Quinn appointment creates even more trouble for governor
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