The Citizens Utility Board is appealing ComEd's planned rate hike, which would increase the average residential customer's bill by around $4.50.
CUB noted ComEd, whose parent company, Exelon, made $2.9 billion in profits last year, asked for a $346 million increase in 2006, and was granted roughly a quarter of that. This time, ComEd asked for an additional $361 million increase. CUB and Illinois Attorney General Lisa Madigan's office had recommended that it be cut by about 90 percent.
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