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Electricity Rates to Go Up, ComEd Disappointed
ComEd President Barry Mitchell says all indications show the company didn't get what it wanted.
"This in no way reflects an adequate real world cost recovery of for us. Because that's really what we're talking about," he says.
ComEd had proposed a fee that would have increased electricity bills by 6 percent.
The watchdog group, Citizens Utility Board, says the commission's decision was appropriate. © Copyright 2012, Chicago Public Radio
(2006-07-27)
CHICAGO
(Chicago Public Radio) -
The Illinois Commerce Commission has approved an increase in electricity delivery charges. Commissioners haven't released the specifics of the increase but electricity giant ComEd says it's disappointed with the preliminary figures. ComEd President Barry Mitchell says all indications show the company didn't get what it wanted.
"This in no way reflects an adequate real world cost recovery of for us. Because that's really what we're talking about," he says.
ComEd had proposed a fee that would have increased electricity bills by 6 percent.
The watchdog group, Citizens Utility Board, says the commission's decision was appropriate. © Copyright 2012, Chicago Public Radio


