For the past several decades, utility regulation at the state level dealt with secure local markets and truly captive customers. A regulatory compact flourished that offered reasonable prices to customers, while guaranteeing the monopolist the opportunity to earn a fair rate of return on prudently incurred investments.
The Illinois Supreme Court has overturned a ruling by state regulators denying recovery by natural gas local distribution companies (LDCs) of the carrying costs on the unamortized balance of their coal-tar cleanup costs. The Illinois Commerce Commission (ICC) had ruled that the utilities could recover the costs of statutorily mandated coal-tar cleanup expenses from ratepayers over a five-year amortization period.
The Illinois Commerce Commission (ICC) has proposed rules to implement dialing parity for providers of toll telephone services in the state. Under the rules, local exchange carriers (LECs) must offer customers two carrier presubscription choices, one for interMSA (market service area) calls and another for nonlocal intraMSA calls. The ICC rejected a proposal to delay the move to presubscription until LECs are permitted to compete with interexchange long distance carriers (IXCs).
The Illinois Commerce Commission (ICC) has approved special discount rate tariffs to help Illinois Power Co., an electric utility, meet ongoing competition from municipal electric utilities within its service territory.
The Illinois Commerce Commission (ICC) has approved a $303.2-million rate increase for Commonwealth Edison Co. In approving a rate of return on equity (ROE) allowance of 12.28 percent, the ICC chose an ROE presentation that "equally weighs the quarterly DCF and risk-premium based results." The increase reflects the ICC's finding that the company's Byron 2 and Braidwood 1 & 2 nuclear generating facilities are fully used and useful and eligible for rate recovery.
The Illinois Commerce Commission (ICC) has approved special discount rate tariffs to help Illinois Power Co., an electric utility, meet ongoing competition from municipal electric utilities within its service territory.
The Illinois Commerce Commission (ICC) has approved a $303.2-million rate increase for Commonwealth Edison Co. In approving a rate of return on equity (ROE) allowance of 12.28 percent, the ICC chose an ROE presentation that "equally weighs the quarterly DCF and risk-premium based results." The increase reflects the ICC's finding that the company's Byron 2 and Braidwood 1 & 2 nuclear generating facilities are fully used and useful and eligible for rate recovery.