CUB Testimony Recommends $492 Million Reduction in Ameren Electric Hike ย
CHICAGO – Ameren Illinois’ proposed four-year electric rate hike should be slashed by at least $492 million, the Citizens Utility Board (CUB) announced Monday, citing expert testimony it filed. "While a utility has to maintain its system, Ameren should not get a blank check,” CUB Executive Director David Kolata said. "Our expert witnesses combed through Ameren’s rate-hike proposal and cut out the fat, including an excessive profit rate for shareholders. We are hoping other parties will be able to recommend further reductions.” Ameren customers can visit CUBHelpCenter.com to sign a petition to the Illinois Commerce Commission (ICC) against the proposed increase. On January 20, Ameren Illinois filed for a four-year, $1.3 billion rate hike with the ICC. For a customer who uses about 10,000 kilowatt-hours (kWh) of electricity annually (or about 833 kWh a month), the hike would increase Ameren delivery rates by an average of roughly $6.27 a month eac
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