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Say NO to Automatic Electric and Natural Gas Rate Increases!
Thursday, Mar 17, 2011 - Posted by Advertising Department [The following is a paid advertisement.] Illinois utility companies are pushing for radical changes that put automatic utility rate hikes into state law. Here’s the TRUTH about the legislation: TRUTH – The bill would eviscerate consumer protection by eliminating traditional rate case reviews and mandating an automatic annual rate increase for all utility expenditures. TRUTH – It would allow ComEd, Ameren, Peoples/North Shore Gas, and Nicor Gas to decide what “modernization” means - allowing utility companies to raise rates to pay for technology investments without regulatory or public review of costs or benefits. TRUTH – It would put Illinois in the unique position of eliminating the ICC’s obligation and duty to balance the interests of consumers with that of utility companies. TRUTH – Their promised investments are not significant over a 5-10 year period, are not clearly identified, have no enforceable performance standards, and no penalties for noncompliance. AARP strongly opposes HB 14 the “Automatic Electric and Natural Gas Rate Increase” bill. Illinois consumers and businesses simply cannot afford guaranteed profits for utility companies and the elimination of long standing and proven regulatory policies! HB14 - The wrong bill at the worst time.
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