Quinn Rejects Bill Raising Electric Rates - News and Weather For The Quad Cities -

Quinn Rejects Bill Raising Electric Rates

Updated:

CHICAGO (AP) - Gov. Pat Quinn has rejected a plan to increase electric rates by roughly $70 million, a proposal ComEd says would have helped get so-called Smart Grid technology back on track.

Quinn vetoed the plan Sunday saying the bill would undermine oversight and force automatic rate hikes.

ComEd touted the bill as a way to clarify 2011 legislation allowing utilities to raise rates to fund a high-tech system. But executing it has been tricky.

The Illinois Commerce Commission and ComEd disagreed over implementation. ComEd filed a court appeal over technical matters. And ComEd faces a class-action lawsuit over installation delays.

The bill was meant to clarify some of those issues and speed up installation.

ComEd officials say they're disappointed and the veto threatens jobs.

The bill is SB9.

Online: www.ilga.gov

Powered by WorldNow

805 Brady Street, Davenport, IA 52803

Telephone: 563.383.7000
Fax: 563.383.7131
Email: news@kwqc.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Davenport, Inc. A Media General Company.