CUB APPLAUDS ICC FOR HOLDING THE LINE ON PEOPLES GAS, AS REGULATORS THWART UTILITY'S RENEWED BID FOR INFLATED SPENDING ON PIPE REPLACEMENT
June 01, 2024
June 01, 2024
CHICAGO, Illinois, June 1 -- The Citizens Utility Board issued the following statement on May 30, 2024:
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Last November, the Illinois Commerce Commission (ICC) reduced Peoples Gas' proposed rate hike by about $100 million and ordered the utility to pause its controversial and financially bloated pipe-replacement program - known as the System Modernization Program (SMP) - pending further review to determine whether it could substantiate the need for $265 million in 2 . . .
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Last November, the Illinois Commerce Commission (ICC) reduced Peoples Gas' proposed rate hike by about $100 million and ordered the utility to pause its controversial and financially bloated pipe-replacement program - known as the System Modernization Program (SMP) - pending further review to determine whether it could substantiate the need for $265 million in 2 . . .