10/12/2008 05:12 am ET | Updated May 25, 2011

Citizen's Utility Board Appealing ComEd Rate Hike

The Citizens Utility Board is appealing ComEd's planned rate hike, which would increase the average residential customer's bill by around $4.50.

From Reuters:

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.

Read the entire article here.