* Tribune…
As the Commonwealth Edison lobbying scandal has rocked state government, much of the focus has been on laws that resulted in customers paying more for a smart grid and a bailout of nuclear power plants.
But there’s a third, lesser-known measure that also has had a big impact on customers’ wallets: a 2013 law that allowed ComEd to use a trio of accounting techniques to help its bottom line.
The Illinois Public Interest Research Group is out with a new analysis contending the law cost electricity users more than $600 million over the last seven years — a figure ComEd disputes. […]
ComEd maintained the average residential customer monthly bill has dropped by $6 a month since 2011, but PIRG argued that much of that drop is attributable to a lower cost of power that ComEd distributes. Scarr argued ComEd bills could be lower if the company’s distribution costs hadn’t sharply risen.
Click here for PIRG’s full analysis.
- Candy Dogood - Tuesday, May 25, 21 @ 3:25 pm:
This has got to be one of the best rates of return an effort to directly or indirectly bribe a politician has had in history.
- Southern Skeptic - Tuesday, May 25, 21 @ 3:37 pm:
Candy, I’ve often noted their remarkable return on investment for their “government affairs” spending.
- Anonymister - Tuesday, May 25, 21 @ 4:07 pm:
No wonder contingency fee billing is banned for lobbyists. It protects clients (punctuation)
- Loop Lady - Tuesday, May 25, 21 @ 4:30 pm:
Is anyone surprised at this revelation…?
If you are, you haven’t been paying attention…