ComEd to Refund Customers $46 Million
19 September 2014 - 2:11AM
Business Wire
Customers to Receive Credits on November
Bills
ComEd announced today that it will refund customers $46.2
million. The refunds stem from settlement of long-pending legal
cases brought by the Illinois Attorney General’s Office (AG),
Citizens Utility Board and the Illinois Industrial Energy Consumers
on issues related to depreciation costs in ComEd’s 2007 rate case
filing and from costs in the company’s smart meter pilot project in
2009.
ComEd initiated settlement talks with the AG’s Office earlier
this year and worked together with the AG staff to conclude the
settlement, which the Illinois Commerce Commission has approved.
The impact of the settlement will deliver refunds to customers
faster than would have otherwise been the case.
“We are pleased to reach an agreement with the Attorney General
and other parties and to resolve this matter in the best interest
of our customers,” said Thomas O’Neill, ComEd senior vice president
and general counsel.
Average refunds for residential customers will total
approximately $8 and will appear as a credit on November bills.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 6.6 million customers. ComEd
provides service to approximately 3.8 million customers across
northern Illinois, or 70 percent of the state’s population. For
more information visit ComEd.com, and
connect with the company on Facebook, Twitter and YouTube.
ComEdMedia Contact:312-394-3500
Exelon (NYSE:EXC)
Historical Stock Chart
From Apr 2024 to May 2024
Exelon (NYSE:EXC)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Exelon Corp (New York Stock Exchange): 0 recent articles
More Exelon Corp. News Articles