ComEd Seeks Rate Hike to Help Pay for Smart Grid

The ICC has eight months to act on the request

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    NEWSLETTERS

    TK

    Commonwealth Edison wants another rate increase to help offset the costs of modernizing Illinois' electric grid.

    The company on Wednesday filed a rate request with the Illinois Commerce Commission, asking permission to collect an addition $275 million in delivery charges. The increase would cost residential customers about $3 per month extra starting in January 2015.

    The ICC has eight months to act on the request. In December it approved a rate increase allowing ComEd to collect an additional $340 million this year.

    Cool New App To Help You Reduce Your Electric Bill

    [CHI] Cool New App To Help You Reduce Your Electric Bill
    Art Norman introduces us to a new App for smartphones that allows you to manage your Commonwealth Edison Account. You can also report power outages, and track crews who are restoring power. You can download the App ComEd.com.

    The company says it's making "strong progress" on upgrades that include switching 4 million northern Illinois customers to wireless "smart meters."

    ComEd and downstate electricity provider Ameren are undertaking a 10-year, $3.2 billion project to modernize and "storm-harden" Illinois' power grid. That includes replacing aging cables and poles.