ComEd Squares Off With Quinn Again On Rate Increase Proposal
Lastest News Headlines:
Get Breaking News First
CHICAGO (CBS) — Gov. Pat Quinn is about to square off again against one of his favorite targets, ComEd, which wants to raise electric rates.
As WBBM Newsradio’s Keith Johnson reports, ComEd continues to pressure Quinn to support rate increase legislation so it can upgrade its power grid.
LISTEN: WBBM Newsradio’s Keith Johnson reports
Quinn has promised on several occasions to veto the legislation, claiming it places a burden on consumers.
But ComEd appears ready to call his bluff. The bill’s sponsors say they will be able to find enough votes to override his veto.
Published reports say state Senate President John Cullerton (D-Chicago) used a legislative maneuver to hold the bill, so as to try to avoid an immediate veto from Quinn.
The energy bill would raise electric rates as part of $3 billion plan to give ComEd and Ameren money for basic infrastructure, and a modern smart grid to monitor energy and reduce waste.
Following the widespread and nearly weeklong power outages that many Chicago area residents suffered after a round of storms on July 11, some experts said a smart grid would have reduced the length of the outages.
(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS Radio and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report.)