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ComEd Wants You to Pay More for Electricity You Used Last Year

The utility wants lawmakers to amend a 2011 rate-hike law to allow the utility to retroactively collect money for electricity already used.

 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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Dave W. February 17, 2013 at 07:07 pm
You should really read up more about how the whole power grid system of the country is considered even by our own standards to be no better that a "D" (which isn't for dandy). Exelon is just trying to scrape more money off people they already overcharge. We KNOW they overcharge because the aggregators charge far less for the same service. They KNOW they are now fighting a losing battle and are trying to get one last big bite of the apple by forcing through bad bills wherever they can with the politicians they still have in their pockets.
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.
Dave W. February 17, 2013 at 07:13 pm
Our national power grid is woefully underadvanced...we need to be working on rebuilding our roads, our bridges, our energy distribution system, our schools, our roads...we fight foreign wars so that private companies with no allegiance to our country can make stable profits...we sprawl to the far corners of the earth then complain why it costs more to get goods there, why the roads are more torn up from trucks getting the goods there, why taxes go up because we need more roads and police and hosptials and every other service..."I don't know WHY my taxes in Frankfort are $10000..."
Gee, I wonder...
Dave W. February 17, 2013 at 07:18 pm
You suckers in private industry are suckers indeed because your companies aren't holding back on raising prices, nor are they losing money...the stock market is way up, corporate profits are up for all but soon-to-be obsolete industries (hello Blockbusters and Best Buy, or is that good bye?)...at least the public employees are spreading that money around, spending it in the economy. How many yachts did you CEO buy last year?
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.
Dave W. February 17, 2013 at 07:19 pm
ComEd doesn't have very many, they have nuclear, which isn't the 'super-cheap' solution everybody was promised...not to mention they can melt down...safe and cheap my 'behind'.
Dave W. February 17, 2013 at 07:22 pm
Much better to LET ComEd WRITE the regulations, right?
(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?
Dave W. February 17, 2013 at 07:23 pm
Yeah, but what can you do with white trash, Susan?
Dave W. February 17, 2013 at 07:27 pm
Why can't the Republicans put forward a credible candidate for offices? I'm a moderate and would be thrilled to vote for ANYBODY I thought was honest and capable...Democrat, GOP...I'm not picky about the label...GREEN party, for all I care...just be honest and capable. Is that too much to ask?
Ken Negley February 17, 2013 at 07:31 pm
The opportunity to save on electric and gas supply here in Illinois has been going on for years. If you are still on ComEd and Nicor supply you could be paying less for supply which is the issue in this article. Go to www.khn.joinambit.com where you pay less for supply with both utilities and only need to worry about delivery charges from these companies. Deregulation is helping people save money, what are you waiting for?
Gerard Schilling February 17, 2013 at 07:35 pm
Where were all of you when last year our legislature voted to give our two major electrical suppliers 2.3 billion dollars for Smart Grids?
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/
Dave W. February 17, 2013 at 07:44 pm
Not disagreeing with you, Tom, just saying that it is THEIR choice, and that lots of companies make similar types of decisions all the time. What they do, though, if they are smart, is they factor that into the 'cost' of doing business...and they don't usually try to come back later after THEY made a miscalculation and try to recoup a loss THEY should have forseen.
PeopleMadder February 17, 2013 at 08:58 pm
if they raise their rates by another 40 cents, it will be on delivery not on the commodity...they don't care what you pay for that...all the profit is in the delivery
J rogers February 17, 2013 at 09:15 pm
PArt of the real problem with Com_ed is the love affair and the donations that they give to your boy Kirk Dillard, Governor wannabe. It is time he is taken to task by the stupid voters who continue to believe him when he is nothing but a pawn of the NEA and a supporter of com ed and the political organization of convicted felon Bill Cellini. Dillard is nothign but a RINO who supports Obama.
Jan February 17, 2013 at 09:19 pm
Uh, I don't think so. ComEd, not unlike the govt, has misspent, mismanaged, and failed to plan for the future. Now they want more - and even for what we've already paid for. No. As it is, our rates are going up 10% a year for 10 years. Not an acceptable request.
Donna Mead February 17, 2013 at 09:30 pm
Dave W. Any comment on this from Wikipedia?
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
Donna Mead February 17, 2013 at 09:31 pm
Dave W. Any comment on this from Wikipedia?
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
Donna Mead February 17, 2013 at 09:34 pm
Dave W. Any comment on this from Wikipedia?
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
Robert Jr. February 17, 2013 at 09:38 pm
COm Ed CEO should be fired and their forecasters fired. This is not only outrageous, but an embarassment to all investors for ComEd and a cost that the company and its executives should take sole responsibility for. It is time that this lack of integrity at the corporate and governmentqal level be dealt with directly by refusal to go along, and if necessary outright boycott.
A Utility trying to bill for 2011-2012? Fire the corporate executives who even thought about raising the issue - Come-Ed - go Away.
BUTCH February 17, 2013 at 09:39 pm
@ anti leader or Obama haters, now the TPARTY are about to resume the fight for jobs and energy for Red China aka kEYSTONE,the socialists where ever they were and are have done nothing but provide health care, decent housing that were above water,clean water and air imagine that and jobs at a living wage.
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.
Robert Jr. February 17, 2013 at 09:40 pm
Com Ed -see the butt crack- try not to kiss that as you can kiss any other part of the area.
Robert Jr. February 17, 2013 at 09:42 pm
I'd like to reduce my usage for 2010 and get a rebate then. And the same for 2011, 2012 and years prior. I guess you owe me money! Ha! It works both ways!
I pay the same taxes you do February 17, 2013 at 09:59 pm
I was wondering how long it would take someone to blame this or connect this with the "overpaid" teacher-mobs who are bankrupting this state. When did it become common practice to blame every community/state/national problem on us evil teachers? This article has zero to do with education, unions, or teachers in general.
Susan Hopkins February 17, 2013 at 10:19 pm
I don't care what color the trash, stop giving free utilities, checks, cell phones etc... to the people that refuse to work and just want to live off those of us that do. If you are disabled and can't work that's one thing but just don't want to is another thing. If they want a check, make em work. Got a pin in their meter, do something about it. If this back billing goes through, who's gonna be paying? The working people.
oldschool February 17, 2013 at 11:10 pm
blah, blah, blah "teacher mafia" blah, blah, blah
Jen - it's getting old. Get some new material from faux news.
Frank February 17, 2013 at 11:47 pm
So much for savings because of electric aggregation. Did anyone really think they could screw ComEd by switching providers? ComEd loses revenue because of aggregation, they find a way to get some if not all of it back. If legislators would have just left well enough alone, this issue wouldn't exist. Now, with aggregation, you pay a lower cost for electricity, but have to pay ComEd back for their loss of revenue. And aggregation saved us how? Welcome to reality......your bill ain't going down, it's going up. This is no different than the value of your house going down, so your assessed valuation drops, but the municipalities just raise the tax rates to make up the shortfall. End result....you pay the same thing if not more. There really is no way to screw "The Man." The more ways you look to try to screw "The Man" the more you make him mad and the more he takes from you.
Walt Hines February 18, 2013 at 12:33 am
Gerard I read about this happening in Australia. It's not funny one bit. Can't believe they can cut the locks to your property and come in and do what they want. People need to wake up because if it can happen in Naperville it will be on our door step sooner than later. Just terrible that those 2 young moms were arrested for protecting their homes and kids. Shame on Naperville!!!!
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.
Walt Hines February 18, 2013 at 12:34 am
Should have read " there is". Too much work, too little sleep!
Nancy V February 18, 2013 at 12:43 am
I changed companies I get the Bill from COMED but NICOR is my supplier. Little cheaper. MIDWEST GENERATION PLANT ROMEOVILLE rumers has it that they are Due to Close . HUMMMMM
John February 18, 2013 at 01:54 am
I would like a lot more info on this, the article was mighty short and had few details. Just seems wrong to attempt to get additional pay for services that have already been charged and collected for, is that not a fulfilled contract? Who specifically is involved? What officials of the IL Government are part of this? Perhaps if ComEd can't manage this properly the utility should become a publicly held trust, and the electrical power provided at the actual cost of production, with no profits involved for shareholders and investors. After all, it;s still a monopoly, which should be illegal.
Doobie Brothers February 18, 2013 at 02:16 am
Fine, then I'll just start powering everything at home off static electricity generated from scratching the dog. It's a win-win scenario.
Tom S February 18, 2013 at 02:42 am
Under the Smart Grid law passed in 2011, ComEd committed to spend $2.6 billion over 10 years to modernize the electric grid in Northern Illinois. The ICC's interpretation of the law reduced funding to complete the modernization program. As a result, ComEd faced a reduction in funding of nearly $100 million per year in 2014 and beyond. Without the additional funding, ComEd stated it could not complete the program.
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
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