7 months, 2 weeks ago from herald-review.com
Christmas just came early for Downstate Illinois, but not for Ameren Illinois
From from herald-review.com:
Christmas just came early for Central Illinois, but not for Ameren Illinois. Regulators have told the utility to cut the rates it charges for delivering electricity by $45 million in 2014.
Next up will be a natural gas delivery rate reset, and this time, an administrative law judge, who makes recommendations as part of the state’s utility bill review process, is calling for the utility to get $36 million in annual revenue from its gas customers instead of the $47 million it had asked for.
The state’s utility regulators, the Illinois Commerce Commission, will meet to decide the gas rate Dec. 18.
Its decision to cut 2014 electricity rates was announced late Monday, takes effect Jan. 1 and will last a year under a new annual system of billing reviews known as formula ratemaking. Ameren Illinois is expected to be back before the ICC by the spring to request new electricity delivery rates for 2015.
In the meantime, the utility said Monday that it hasn’t had a chance to review the 2014 decision and figure out what action it may take.