ComEd looks to increase rates again — here's what you need to know
CHICAGO - Still grappling with political fallout from a lobbying scandal, ComEd is seeking a $199 million rate hike.
The utility company filed their proposal on Friday.
According to the Chicago Tribune, the rate hike would add $2.20 per month to the average residential customer bill beginning in January 2023.
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ComEd says the funds will be used for infrastructure investments.
Friday’s filing with the Illinois Commerce Commission launches an eight-month process to determine if the increase is warranted.
Last year, ComEd was granted a $46 million rate increase, which added 16-cents per month to current residential bills.