|
Let’s stick to the FACTS about consumer protections under HB14, the Energy Infrastructure Modernization Act
Monday, Apr 11, 2011 - Posted by Advertising Department [The following is a paid advertisement.] Myth: HB14 locks in automatic rate increases without ICC review. Fact: The ICC will set rates after an annual review and audit of costs. If utilities can’t justify costs, they’ll have to issue refunds to consumers, with interest. There’s nothing “automatic” about that. Myth: HB14 guts the ICC’s oversight authority and the ability of groups representing consumers to challenge rates. Fact: HB14 retains the rights that the ICC and interveners have today to challenge utility rates and the burden of proof would still be on utilities to justify rates. And this scrutiny would be more frequent with the annual reviews required by HB14. Myth: The ICC would have only 45 days to consider a new rate filed by a utility. Fact: Not true. Under HB14, if the ICC decides to hold hearings, they’d last up to 8 1/2 months. The 45-day period is just the period for the ICC to decide whether to hold hearings to investigate the annual rate filing. This is no different from today’s law. To learn more about HB14 visit www.smartenergyIL.com
|
