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ComEd/Ameren: “SB1652 has consumer protections like a 2.5% rate cap.”

SB1652: The cap applies to a customer’s entire bill (generally comprised of 70% energy costs and 30% delivery costs). With energy costs expected to decline over the next two years, ComEd and Ameren will have more room to increase the delivery charge and still remain under the cap. (Pages 101-103)

ComEd/Ameren: “SB1652 does not guarantee utility profits.”

SB1652: The utilities’ profits are tied to an automatic formula that is based on 30-year Treasury bonds which are at historic lows. As Treasury bonds increase, so do ComEd and Ameren’s allowed profits. (Page 82)

ComEd/Ameren: “SB1652 will create jobs.”

SB1652: ComEd and Ameren may charge ratepayers millions in severance costs for laying off workers. (Page 83)

ComEd/Ameren: “SB1652 will hold the utilities accountable for their performance during extreme weather events.”

SB1652: ComEd and Ameren may each exclude 90 of the worst storms over the ten year program when calculating performance. (Page 97)

ComEd/Ameren: “SB1652 is about smart grid.”

SB1652: The utilities may recover money from ratepayers that has nothing to do with smart grid including executive bonuses, pension packages, workforce reduction costs, and storm expenses. (Pages 82-87).