ComEd electric bills to go up $1 a month in 2013
BY SANDRA GUY Business Reporter email@example.com December 19, 2012 7:52PM
Updated: January 21, 2013 4:06PM
Commonwealth Edison customers will pay about $1 a month more for their electricity starting in the New Year.
The rate hike, which ComEd had previously announced, won approval Wednesday from the state’s utility rate-setting body, the Illinois Commerce Commission. The hike is the second adopted since a controversial 2011 law went into effect that virtually guarantees ComEd yearly rate hikes in return for an updated electrical grid and “smart” digital meters that ComEd boasts will help customers better monitor their energy use and more quickly alert the utility to outages.
The new increase covers increasing costs of delivery, taxes, operations and maintenance.