ComEd Proposes $268 Million Rate Hike Amidst Rising Power Bills and Customer Relief Efforts
ComEd, a major utility provider in Illinois, is seeking approval for a $268.5 million reconciliation rate adjustment from the Illinois Commerce Commission (ICC). This request comes after a summer marked by significant increases in power bills due to higher wholesale electricity prices and increased demand from data centers. ComEd customers experienced substantial bill spikes, with some reporting triple-digit increases in June. To mitigate these costs, ComEd is offering $803 million in state-mandated nuclear energy credits and a new low-income discount program. However, the proposed rate hike aims to recover costs from a botched billing system upgrade and other capital expenses. The Citizens Utility Board, a consumer advocacy group, has criticized the rate hike, arguing that customers should not bear the costs of ComEd's billing issues. 
