Illinois regulators say Commonwealth Edison can raise its electric rates by $156 million.
SPRINGFIELD, Ill. (AP) — Illinois regulators say Commonwealth Edison can raise its electric rates by $156 million.
The Chicago Tribune reports the increase will cost customers $3.15 a month.
Utilities watchdog group Citizens Utility Board said Tuesday it will appeal the increase. It says ComEd actually owes consumers a $40 million rate cut.
CUB also says summer is the worst time to increase rates because people will use air conditioning more often.
ComEd originally requested an increase of nearly $400 million. Much of that would have gone to new technology.
The company is seeking legislative permission to raise rates for that technology upgrade.
Copyright 2011 The Associated Press.
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