(Chicago, IL) Utility company Commonwealth Edison is looking for massive new rate hikes. The company filed with state regulators Tuesday, for hikes that would increase delivery rates by a total of $1.5 billion between 2024 and 2027. The 2024 increase would be a record high $894 million, followed by three straight years at 198-million. For the average consumer, that would mean close to a 7-dollar monthly increase on your bill in 2024, and about 17-dollars a month more by 2027. ComEd says the increases are needed to upgrade and protect the electric grid, especially as more electric vehicles come online. A decision is expected in about 11-months.
Tim Vander Tuuk, WXLC News (1-18-23)