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End-run Around IL Rate Freeze?

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Illinois utility ComEd continues to fight the return of a power rate freeze. Even if Comed prevails, House Democrats are hatching a plan that could hit its parent company. Chicago Public Radio’s Shawn Allee reports.

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Illinois electricity consumers are seeing power rate sticker shock, and politicians are scrambling to relieve it.

House Democrats wanted to resurrect a rate freeze, but utility ComEd said that would bankrupt them.

That’s while ComEd’s parent company, Exelon, has seen stellar profits.

Now, House Speaker Mike Madigan says ComEd’s bluffing.

He wants to tax Exelon and other producers by the kilowatt.

One house Democrat says that could raise between two and three billion dollars for rate relief.

But some house democrats are balking.

They say the plan would punish electricity producers that aren’t involved in the rate freeze battle.

I’m Shawn Allee.

Chicago Public Radio.

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