The Illinois Senate Executive Committee unanimously approved a request by ComEd and Ameren to "clarify" a 2011 law that allowed the utilities to raise electricity rates, Illinois Public Radio reports.
The clarification would allow the power companies to retroactively charge higher rates for the electricity you've already used, potentially raising up to $70 million for ComEd, according to Sun-Times Media.
The 2011 law changed the formula used to determine charges.
But the utilities say it didn't work as intended. They say regulators aren't letting them charge what they need. Now the companies are back, asking the legislature to pass another law, clarifying the old one.
(Says) ComEd CEO Anne Pramaggiore: "Without it we are stalled in these programs. We can't proceed forward and ramp them up as we intended."
The measure that passed out of committee Thursday will head to the Senate for a full vote. Listen to IPR's Amanda Vinicky's radio report.
Rich Miller at CapitolFax.com calls is "deja vu all over again."
At the time the 2011 law passed, Gov. Pat Quinn vetoed it but the legislature overrode his veto.
And in other financial news that galls ...
The Jesse Jackson Jr. Collection: Using money donated to his campaign, ex-congressman Jesse Jackson Jr. bought pricey memorabilia honoring Martin Luther King, Jr., Michael Jackson, Eddie Van Halen, Jimi Hendrix and Bruce Lee, along with minks, furs and a gold Rolex. Read more in the full federal complaint posted on Chicago Heights Patch
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As for the teacher issue, you either have no kids, or are the type of parent that only views the teacher as a babysitter because you don't realize what they actually do and what a parent's responsibilities are. It always amazes me how much a parent will say their kid means to them, but they feed them poorly, smoke around them, worry more about them having a cell phone in class than paying attention in class, and complain how much the ACTUAL babysitter makes, let alone the teachers that will instruct them and give them a foundation to someday and make their own way in life. Such people want everything for free and complain nonstop about those that might actually be entitled to somethings that are not free at all, but have been earned. Everything costs money...move someplace else...the cost of living is usually commiserate to the standard of living. Maybe you are okay with living a lesser life, but I will pay for the one I want here.
Gee, I wonder...
Also, that has very little if not NOTHING to do with the cost of gas, as any econoomist or person that can read will tell you...gas is from oil, which is traded on the open market. Now, if we were a socialist country, like some would like to claim, that would be different and would probably actually have an effect on the price at the pump.
(Because that is what happens everytime an electricity law comes up.) How about we just vote in people who do what we vote them in to do, and then the regulations will make sense...crazy notion, right?
80% of this was for smart meters which do absolutely nothing for the user except raise our cost while creating serious health, fire, safety, security, privacy and financial extravagance to pad crooked politicians campaign chests. Will all this money bury power lines, protect the infrastructure against CMEs, stop hacking, and add one additional kilowatt of power to the grid? The answer is no! It will, however, make a few crony capitalist verse free market capitalist very rich at our expense. This massive fraud and scam has been created to charge (TOU) time of use rates for electrical usage. In other words you will pay double if you use electricity during normal hours. Time to rise up like the people in Naperville and fight these thugs and crooks.To see what the furture holds view this link. http://citycouncilwatchdog.com/2013/02/citizens-hammer-naperville-city-council/
Political activity Exelon's Political Action Committee (PAC) is EXELONPAC.[20] The company is positioned to profit from "expensive carbon" and has been lobbying for cap and trade of carbon dioxide emissions.[21] "Exelon CEO John Rowe is a vociferous and longtime advocate of climate change legislation. In 2009, Forbes reported that if the Waxman-Markey climate legislation became law, 'the present value of Exelon's earnings stream would increase by $14 a share, or 28%.'"[11] Executives at the company have close ties to the Obama administration as advisors and fundraisers.[21] "Frank Clark, CEO of Exelon's Chicago-based subsidiary ComEd, was an Obama advisor and fundraiser, and Exelon director John Rogers has also raised funds for Obama."[11] http://en.wikipedia.org/wiki/Exelon
Political Activity Exelon's Political Action Committee (PAC) is EXELONPAC.[20] The company is positioned to profit from "expensive carbon" and has been lobbying for cap and trade of carbon dioxide emissions.[21] "Exelon CEO John Rowe is a vociferous and longtime advocate of climate change legislation. In 2009, Forbes reported that if the Waxman-Markey climate legislation became law, 'the present value of Exelon's earnings stream would increase by $14 a share, or 28%.'"[11] Executives at the company have close ties to the Obama administration as advisors and fundraisers.[21] "Frank Clark, CEO of Exelon's Chicago-based subsidiary ComEd, was an Obama advisor and fundraiser, and Exelon director John Rogers has also raised funds for Obama."[11] http://en.wikipedia.org/wiki/Exelon
Political activity Exelon's Political Action Committee (PAC) is EXELONPAC.[20] The company is positioned to profit from "expensive carbon" and has been lobbying for cap and trade of carbon dioxide emissions.[21] "Exelon CEO John Rowe is a vociferous and longtime advocate of climate change legislation. In 2009, Forbes reported that if the Waxman-Markey climate legislation became law, 'the present value of Exelon's earnings stream would increase by $14 a share, or 28%.'"[11] Executives at the company have close ties to the Obama administration as advisors and fundraisers.[21] "Frank Clark, CEO of Exelon's Chicago-based subsidiary ComEd, was an Obama advisor and fundraiser, and Exelon director John Rogers has also raised funds for Obama."[11] http://en.wikipedia.org/wiki/Exelon
A Utility trying to bill for 2011-2012? Fire the corporate executives who even thought about raising the issue - Come-Ed - go Away.
It is the RED ARMY or COMMUNIST BAINLAND capitalism that is the new world order and why the suckers are getting what they demand $4 gas and energy u are giving the energy looters a TAX REFUND every year for paying the rent in their CAYMAN ISLANDS PO BOX where ROBME the biz partner of the RED ARMY DRILLING CORP and 18,000 other tax avoiders aka "CORP are people too my friend" call home.U are too much of a coward to be anonymous they patched the Die Bold machine that KARL ROVE had thought as fixed when he had his melt down on election night.
Jen - it's getting old. Get some new material from faux news.
These smart meters are health hazards along with invading your personal space. If theirs too much juice being used during the peak they will turn your juice down for you. I see a lot of people loosing appliances. I was offered a job in another state starting in May and I'm really considering it. I've had my fill of this state and these companies. Big Brother watching over us! I'm all for the 2nd amendment since it's become legal for your city government to force their way onto your property.
This new bill will restore most of what the ICC denied. If it becomes law. It would increase the average residential customer bill by approximately 40 cents per month in 2014, increasing to approximately 80 cents per month in 2017. Source: PR Newswire