|
||||
This work is licensed under a |
Ameren is pleased with the new rate relief package that was unveiled yesterday. A press release from Ameren today explains why: Gary L. Rainwater, chairman, president and chief executive officer of Ameren Corporation, noted: “This comprehensive rate relief package provides significant benefits to our Illinois electric customers, while benefiting our shareholders by providing legislative stability. [...] The Springfield State Journal-Register reports that although no votes have been taken yet, the rate relief package unveiled yesterday is likely to pass. Indeed, everyone seems to be happy with the plan, even Ameren. So it appears to be a win-win-win. As I understand it, there’s a short-term and long-term component. In the [...] Despite the fact that Ameren’s webpage boasts “To Our Illinois Customers: We have listened to you and are ready to provide immediate rate relief,” the Journal Star reports today that rates are going up still more during June, July, August and September: “No one likes to pay more for any product or service, but the rising [...] UPDATED 3/31/07 10:45 p.m. Added info underlined, deleted items struck. School District 150 officials met with parents residents on Monday night (3/26) to share information on their plans for the old Social Security Administration building at 2628 N. Knoxville Ave. While some parents residents were taken by surprise, this has been in the works for [...] There’s been a lot of press coverage of Ameren’s threats since their bond rating was reduced to junk status by Moody’s Investors Service and the response by the Illinois Commerce Commission (ICC). I’ve seen a lot of quotes from the ICC’s letter, but not the letter in its entirety. It is available online. [...] Eyebrows McGee did, and she’s published a very nice primer on how to see through all the ways Ameren has tried to disguise the new price increases. Check it out! A bill in the Illinois General Assembly, HB5766, would extend the current electricity rate freeze three more years (providing relief for Illinois families) and is supported by the Citizens Utility Board. However, our representative in the 92nd district, Aaron Schock, isn’t signed on as a co-sponsor, nor is any other Republican. I’d like to [...] The Citizens Utility Board (CUB) has compiled some interesting data on Ameren. Starting in 1997, the year electricity rates were frozen by the state, they graph Ameren’s profits every other proceeding year, right up to 2005. One would expect profits to be modest at best, given the handicap of a rate freeze. [...] After budget-busting increases in natural gas last winter, now we get to see the other half of our CILCO bills go through the roof. AmerenCILCO announced yesterday that electric rates will rise 55 percent starting in January 2007. Pioneer-life doesn’t seem as far-fetched all of a sudden. I remember reading about the Howerter family [...] |
|||
|
Copyright © 2010 The Peoria Chronicle - All Rights Reserved |
||||
Recent Comments