St. Charles businesses, residents are served by city’s electric utility.
A man brazenly defrauded an East Side St. Charles restaurant after claiming to be a ComEd representative who would shut off power to the business during the noon hour Monday if it did not make good on an unpaid bill of $489.86. The sub and pizza restaurant in the 2700 block of East Main Street called police about 1 p.m. Monday after making the payment and later realizing that the city of St. Charles is the utility that provides its electricity. St. Charles police said the incident remains under investigation. Police said the incident began to unfold in the morning with a phone call to the restaurant from a man claiming to be a representative of Commonwealth Edison, which supplies electricity to many homes and businesses in the Chicago …
The utility will use the new revenues to pay for "smart-grid" costs.
Wednesday, May 2, 2012
Commonwealth Edison Co. has filed to boost its electricity rates by nearly a dollar per month next year to finance local power-grid improvements it's making under the 2011 “smart grid” law that permitted the utility to hike its charges annually per a set formula, Crain's Chicago Business is reporting. ComEd's rate on an average residential bill will climb 97 cents from today's rates, Crain's reported from an April 30 news release. The Illinois Commerce Commission will review the request under provisions in the new law that sharply curtail regulators' leeway to reject the utility's costs and profit margins. ComEd's delivery rates actually will decline from June though December of 2012 because its authorized return under the law is less than…