Wisconsin Energy Corp announced this morning that it plans to purchase Integrys Energy Group, Inc.– parent company to Peoples Gas and North Shore Gas– for $9.1 billion. The combined company will serve 4.3 million electric and gas customers across Illinois, Wisconsin, Michigan and Minnesota. The deal is set to close in…...
Municipal aggregation ain’t what it used to be
Want to see just how drastically Illinois’ electric market has changed? Take a look at what’s happening to “municipal aggregation.” Aggregation is where local leaders negotiate power prices with alternative suppliers on behalf of their residents. A few years ago, it was an almost-universally great idea for communities. In fact, in…...
Double trouble: Glitch leads to bigger Nicor bills for thousands
The Bloomington Pantagraph reports that some 7,000 Nicor Gas customers on automatic payment plants were mistakenly charged double from June 13-15. Do you have your Nicor bill paid automatically out of your bank account? The gas utility recommends checking your bank account or calling Nicor, at 1-888-642-6748. Those who incurred bank…...
Tell the ICC: Investigate the Illinois Electric Market
News from Illinois’ electric market hasn’t been great lately. CUB has seen an uptick in complaints from consumers who have encountered skyrocketing rates (up to six times the rate of the regulated utility!), misleading marketing, confusing offers and unpredictable pricing from alternative suppliers. It’s time to get to the bottom…...
Are you paying what you think for electricity?
ComEd’s June 1 electricity supply rate jumped to about 7.6 cents per kilowatt-hour (kWh). But there’s a wrinkle: This month ComEd supply customers are actually only paying a rate of about 7.1 cents per kWh. Wait, huh? The difference is due to a change in the “Purchased Electricity Adjustment” (PEA). That’s a credit…...
Breaking: CUB, City of Chicago call for probe of Illinois electric market
Just four weeks ago, when CUB released a report on Illinois’ electricity market, we warned consumers about bad power deals. Today, CUB and the City of Chicago took another step forward to reform the market. CUB and the City today filed a petition asking the Illinois Commerce Commission (ICC) to launch…...
