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* 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.
posted by Rich Miller
Tuesday, May 25, 21 @ 3:07 pm
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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.
Comment by Candy Dogood Tuesday, May 25, 21 @ 3:25 pm
Candy, I’ve often noted their remarkable return on investment for their “government affairs” spending.
Comment by Southern Skeptic Tuesday, May 25, 21 @ 3:37 pm
No wonder contingency fee billing is banned for lobbyists. It protects clients (punctuation)
Comment by Anonymister Tuesday, May 25, 21 @ 4:07 pm
Is anyone surprised at this revelation…?
If you are, you haven’t been paying attention…
Comment by Loop Lady Tuesday, May 25, 21 @ 4:30 pm