Com Ed Campaigns For New Rate Plan | WGLT

Com Ed Campaigns For New Rate Plan

Oct 24, 2016

Credit Daniel Schwen / Flickr via Creative Commons

The leader of Illinois' largest utility is appealing to lawmakers’ competitive spirits to get them on board with overhauling energy regulations.

Com-Ed CEO Ann Pramaggiore says many Fortune 500 companies have committed to meeting sustainable energy goals.

"No one has claimed this leadership mantle. New York is in the race. The big California cities are contenders as well. And while they have more technology than New York, their markets are no more robust. Clean energy leadership is Chicago’s for the taking,” said Pammaggiore.

Pramaggiore said Illinois is on its way thanks to four-year-old law that raised consumers' rates to pay for a modern electric grid.

Now, Com-Ed is seeking another revision of rates.

At the same time, Com-Ed's parent company, Exelon, is gunning for a state subsidy to help pay for unprofitable nuclear plants in Clinton and the Quad Cities.

Pramaggiore says negotiations with wind and solar advocates are ongoing. What she characterizes as an opportunity, critics say is a bailout for a huge company, to the detriment of customers.