Read More: Citizen's Utility Board, Comed, ComEd Rate Hike Com Ed Rate Increase, ComEd Rates, CUB Com Ed, Cub Comed Appeal, Cub Exelon, Exelon, Illinois Electric Rates, Chicago News
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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