CHICAGO (WBBM) – Look for a bigger electric bill in your mailbox next year.
Crain’s Chicago Business reports ComEd plans to file with the Illinois Commerce Commission for a rate hike in the second or third quarter of next year. How much? No one is saying right now.
The rate-hike request comes on the heels of an additional $70 million dollars we will pay beginning in April to cover higher costs in 2008 and 2009 from unpaid bills.
A new state law allows utilities to collect an additional amount each year to compensate for bad-debt expenses above the regular rates.
Average cost of that one for residential customers: a bit more than a dollar a month.
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