$7.9M Peoples Gas rate hike denied by Illinois regulators, who instead approve smaller increase ...Middle East

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$7.9M Peoples Gas rate hike denied by Illinois regulators, who instead approve smaller increase
A request from Peoples Gas for an additional $7.9 million rate hike was denied by the Illinois Commerce Commission Thursday, officials said. The commission instead approved an additional rate hike of $1.6 million for emergency work “out of an abundance of caution,” according to a statement from the Illinois Public Interest Research Group, who advocated against the additional rate hikes. According to Peoples Gas, the approved rate hike will result in a 15-cent monthly increase, with the utility claiming the proposed rate hike would result in a 60-cent monthly increase. The proposed rate increase was in addition to a $303 million rate increase that went into effect in December 2023.

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