Capitol Fax.com - Your Illinois News Radar » A tale of three headlines
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
A tale of three headlines

Tuesday, Apr 30, 2013

* The heds…

* Tribune: ComEd rate hike request would add $6 to monthly bills

* Crain’s: ComEd wants $311 million rate hike in 2014

* Sun-Times: ComEd wants rate hike but says bills will be lower

* The Tribune explains the reasons behind the higher rate

Commonwealth Edison said Monday that it will charge $6 more per month on average to deliver electricity to utility customers beginning in 2014 as a result of higher transmission costs and expenses it has incurred to modernize the electrical grid.

In a filing with the Illinois Commerce Commission Monday — its third under a new formula-based rate making system devised in 2011 — the utility requested $311 million in additional revenue from customers in 2014 for its role in delivering electricity, maintaining electrical lines and improving the electrical grid. That increase would amount to about $5 per month for the average electricity customer and must be approved by the Illinois Commerce Commission.

* Crain’s breaks down its $311 million number and provides some context

ComEd filed for a $311 million increase in the revenue it receives from ratepayers, a figure that ComEd executives said will be more like $335 million once recently passed legislation by the General Assembly to increase the utility’s revenue becomes law.

Under the controversial 2011 “smart grid” law, enacted over Gov. Pat Quinn’s veto, ComEd is permitted to increase delivery rates annually over a decade to finance a $2.6 billion grid modernization program that includes the installation of “smart meters” in every home and business in northern Illinois.

After the ICC reduced ComEd’s rate hike last year, the utility delayed the planned installation of the meters for what it said were lack of funds. Executives said today that, if the bill just passed becomes law by June 15, the company will begin installing meters in the fourth quarter of this year and aims to install 60,000 in 2013.

Mr. Quinn is expected to veto that bill, but there are sufficient margins in both the state House and Senate to override a veto.

* And the Sun-Times explains its headline

Despite the request, the average electric bill for a residential customer will fall from about $81 monthly to about $66, beginning in June — thanks to falling energy prices.

If the higher delivery rate is approved, bills will rise in January to an average of about $72 monthly — still about 10 percent below the current rate.

Bills will fall even with the higher delivery charges because power suppliers are producing energy more cheaply, ComEd officials said.

- Posted by Rich Miller        

8 Comments
  1. - foster brooks - Tuesday, Apr 30, 13 @ 9:41 am:

    Can we get the trib onboard with electric utility reform?


  2. - PublicServant - Tuesday, Apr 30, 13 @ 10:01 am:

    I used to be that newspapers were relatively spinfree zones. Can’t wait for the Koch Brothers to get into the newspaper business.


  3. - Chicago Cynic - Tuesday, Apr 30, 13 @ 10:25 am:

    Sorry but what’s wrong with these headlines. All three are accurate. This is a $6+ dollar per month rate increase (there will be others since the cap is 2.5% PER YEAR over ten years. It is a $311 million rate increase. But because of the lower energy costs (for which ComEd can claim no credit), overall bills will still be lower. What’s the problem?

    And BTW, the Trib has editorialized in favor of the so-called Smart-Grid bill, repeatedly. Not sure how much more on-board you’d like them to be. Sorry that they only control the editorial board and not the actual news. Geeez!


  4. - Rich Miller - Tuesday, Apr 30, 13 @ 10:28 am:

    ===What’s the problem? ===

    Take a breath, man. It’s just a look at some different headlines. Sheesh.


  5. - Loop Lady - Tuesday, Apr 30, 13 @ 11:20 am:

    CC: the most important part of your response is “(for which ComEd can take no credit)”. I have never given them credit for much except lining their own pockets and those of their shareholders.
    They’re also very good at having the rate payers pay out right for their improvements and not taking it from their own coffers.


  6. - dang - Tuesday, Apr 30, 13 @ 11:25 am:

    Thank you, members of the GA that voted for this bill. Can’t thank you enough for giving com ed and ameren recovery of their costs for smart grid BEFORE all the supposed benefits have been realized. Let’s just trust the electric utilities, I am sure they will do the right thing.


  7. - Chicago Cynic - Tuesday, Apr 30, 13 @ 1:57 pm:

    RIch,

    My tone was mostly a response to the two previous commenters who suggested that somehow the Trib needs to “get on board” or that there was spin in the headlines.


  8. - Just The Way It Is One - Tuesday, Apr 30, 13 @ 8:18 pm:

    4th hed submitted by run ‘o the mill Illinoisans: “Com Ed wants too much damn money out of our pockets for same level of service–despite all ‘o their bilarney!!!”


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* Rauner vetoes second bill to address gender wage gap
* Munger moves to DCEO
* Preckwinkle mayoral announcement roundup
* Follow the money
* Empty threat? Or does somebody know something we don't?
* A couple of quick debate clips
* Supremes side with hospitals on property taxes
* Report: IEPA stonewalls AG until HGOP leader steps in
* A TIF primer
* Raoul's new ad blasts Harold over abortion rights
* Debate coverage roundup
* Question of the day
* *** LIVE COVERAGE ***
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............
<


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller