Monday, July 23, 2007

Ill. power cos agree on $1 bln rate relief package

(Reuters) - For months, officials from Commonwealth Edison utility and
units of Ameren have been negotiating with elected officials on
ways to provide rate relief and avoid legislation that would
roll back prices to pre-2007 levels.




The officials, Illinois Senate President Emil Jones, House
Speaker Michael Madigan and Attorney General Lisa Madigan, also
said in a series of releases that the state would create a new
agency to procure electricity for utilities in the future.


Read more at Reuters.com Bonds News

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