Wednesday, May 30, 2007

Utilities propose $500 mln Ill. power rate relief

(Reuters) - Both companies indicated they would participate in such a
proposal, the terms of which are open to negotiation, as long
as the General Assembly does not pass rate freeze, generation
tax or other adverse legislation.




Under the proposal, ComEd would give $200 million in power
rate reductions to residential consumers during the summer
months of 2007 and 2008 to help ease the transition from capped
electricity rates to market based rates.


Read more at Reuters.com Government Filings News

No comments: