Dive Summary:
- Senators soared past the 36 votes needed to override Gov. Pat Quinn’s veto of a bill to raise ComEd's smart grid funds via consumer rate hikes. ComEd will now be able to collect $2.6 billion in rate hikes over 10 years.
- The original bill passed with more than 70 percent support in the House and Senate in March, but Gov. Quinn vetoed the legislation earlier in May.
- ComEd continues to face disputes with the Illinois Commerce Commission in appealing 12 technical matters worth about $100 million a year.
From the article:
“According to ComEd, the average residential bill of $82 per month would increase by about 40 cents in 2014 and by about 80 cents in 2017 under this proposal.”