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ComEd Ordered To Refund $36.7 Million To Customers

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A ComEd truck parked behind a home after storms caused power outages on June 21, 2011.  (Credit: CBS)

A ComEd truck parked behind a home after storms caused power outages on June 21, 2011. (Credit: CBS)

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CHICAGO (CBS) — The Illinois Commerce Commission has ordered ComEd to refund $36.7 million to its customers.

As WBBM Newsradio’s Steve Grzanich reports, the ICC says ComEd wrongly inflated consumer electricity rates in its decision, which follows the agency’s appeal of a 2007 rate case.

In 2010, the Illinois Appellate Court ruled in favor of consumer advocates, who argued the ICC made a mistake in allowing ComEd to account improperly for depreciation of assets such as trucks and poles.

After losing the appeal, Commonwealth Edison contended the Appellate Court had not directly ordered a refund for consumers. But the ICC disagreed, going against a proposed order from an administrative law judge who contended a refund was not necessary.

Consumer advocates say the decision sets a new precedent going forward in Illinois. For example, ComEd’s request in its most recent rate case was reduced at the ICC by more than half.

LISTEN: WBBM Newsradio’s Steve Grzanich reports


(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS Radio and EYE Logo TM and Copyright 2012 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 This material may not be published, broadcast, rewritten or redistributed.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.)

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