Residents and consumer advocates urged state regulators to reject a proposed $402 million rate hike sought by Peoples Gas.
The meeting Tuesday at UIC’s Dorin Forum, was organized by the Illinois Commerce Commission - the state panel that has until the end of the year to rule on the utility’s rate increase request. […]
Peoples Gas made $208 million in profit in 2022, breaking its earnings record for the sixth year in a row, according to a year-end financial report issued in March.
The company filed an increase request in January. Company officials said this was its first request for a hike in nine years. They said it was “meant to ensure ongoing safety, reliability and environmental sustainability in Chicago.”
The nonprofit watchdog Citizens Utility Board has argued the hike would fuel “an excessive profit rate” and should be slashed by at least $63 million.
* The Natural Resources Defense Council is spending about $100,000 on cable TV to run this spot through September 5th…
The gas company just proposed the largest rate hike in history. They also just announced record profits.
Let’s face it, Chicago. Gas stinks. When buildings burn gas, we all pay the price, because burning gas in our homes costs us more, pollutes our city and increases the risk of asthma, especially for kids.
That’s why it’s time for Chicago to take action and shift to newer, cheaper all-electric technologies to make our homes and buildings clean and healthy and affordable.
