Oct 31, 2011
ComEd, Illinois’ electrical utility, gets to charge higher electrical rates. The Illinois Legislature, controlled by the Democrats, voted overwhelmingly to give ComEd what it wanted.
ComEd says it needed the increase so it can upgrade to a “Smart Grid,” one that can tell the utility how much power people are using at any particular time. A “Smart Grid” may make sense – but why should consumers pay more for it? They’re already paying for a system that is in disrepair.
ComEd leaves thousands in the dark after storms. It does not invest in maintaining the existing system, and it continues to cut back on workers, so there’s no one to make repairs.
The legislature limited ComEd to increasing prices 2.5% a year – but only for the first two years. After that, the sky’s the limit. What’s more significant, the bill guarantees that ComEd will make at least 10% profit – an enormous amount!
How nice – for ComEd – to have a friendly legislature!