Thursday, December 21, 2006

ICC OKs Ameren Phase-In Plan

State Journal Register:

State utility regulators, saying they want to ease the “rate shock” that soon will hit consumers, on Wednesday approved Ameren’s plan to gradually impose dramatically higher electricity prices that take effect Jan. 2.

The Illinois Commerce Commission voted 5-0 for the Ameren phase-in proposal and a similar one from Chicago-based Commonwealth Edison.