Illinois Utility Rate Assistance
In July of 2007, a $1 billion multi-year rate relief package was approved for electric customers of Ameren Illinois and Commonwealth Edison to help offset electric rates that had escalated after rate caps in place for nine years expired. Rate hikes averaged about 30 percent statewide, but some all-electric homes saw increases up to 300 percent. The package included low-income summer cooling assistance (2007), rate credits and weatherization. For the low-income, ComEd was to spend at least $20 million over three years; Ameren about $16 million, over 4 years.
LEVERAGING
2007: $20.9 million