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[The following is a paid advertisement.]
Of course not. But that’s the scenario Illinois’ outdated regulatory system creates for utilities looking to modernize the state’s electric grid to provide even more reliable service and give consumers new tools to save money on energy costs.
Illinois’ regulatory system is about yesterday.
It was developed for a bygone era when utilities could count on free-flowing capital and the ability to spread fixed costs over an always-growing customer base.
It needs to be about tomorrow.
A modern energy infrastructure requires multi-year investment. But utilities don’t know if they can recover their investments, and even if they do recover it isn’t until years after they’re made. This uncertain, unpredictable environment stifles innovation and the economic growth that would be created by a modern grid.
House Bill 14 proposes a better system.
It combines the transparency and accountability of current regulation with specific performance metrics to ensure customer benefits are being realized. While actually increasing scrutiny of utility costs through annual reviews, it gives utilities greater incentive to make the investments necessary to move Illinois forward.
Today’s regulatory uncertainty is holding back tomorrow.
posted by Advertising Department
Tuesday, Apr 5, 11 @ 9:01 am
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Previous Post: Election day open thread and a very gullible report
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