CHICAGO - Commonwealth Edison wants another rate increase to help offset the costs of modernizing Illinois' electric grid. The company on Wednesday filed a rate request that will allow them to collect an addition $275 million in delivery charges. The increase would cost residential customers about $3 per month extra starting in January 2015.
The company says it's making progress on the modernization upgrades it pushed through the Illinois General Assembly, and which include forcing 4 million northern Illinois customers to wireless "smart meters."
ComEd and downstate electricity provider Ameren are undertaking their 10-year, $3.2 billion project to modernize and "storm-harden" Illinois' power grid. However, it is unclear if the "modernization" helps secure the power grid from terrorist attack.