CUB Issues Statement About Illinois American Water Hike Rate Proposal
Citizens Utility Board (CUB) Executive Director Sarah Moskowitz released a statement today about Illinois American Water’s $152 million rate-hike request before the Illinois Commerce Commission (ICC): Illinois American’s $152 million rate-hike request is severe and greedy—the company is pushing for an excessive profit rate for its shareholders—and CUB will do everything it can to reduce it. We often hear complaints from Illinois American customers about painfully high bills, fueled by the utility’s aggressive strategy of buying up municipal systems across Illinois, along with winning legislative approval to add a "Qualifying Infrastructure Plant" surcharge to bills. While water customers struggle, Illinois American’s parent company has pulled in about $1.6 billion in profits over the last two years. This punishing rate hike will be a hardship to consumers who depend on the utility for a vital service–and that’s why we’re challenging
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