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May 24, 2011

STATEMENT BY ATTORNEY GENERAL LISA MADIGAN ON THE ICCíS APPROVAL OF THE COMMONWEALTH EDISON RATE HIKE TODAY

ďI am extremely disappointed that in the midst of a terrible economy, the ICCís decision will require ComEd customers to pay higher electricity bills. We not only opposed ComEdís rate hike request, but presented evidence showing that ComEdís current rates should be lowered instead of increased.

The ICCís decision today clearly demonstrates why state legislators should reject ComEdís proposal gutting the regulatory process and guaranteeing that consumers pay increasingly higher bills every year, so Com Ed can lock in double-digit profits for the next decade.Ē

Attorney General Lisa Madigan

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