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Illinois moves to deregulate electric utilities statewide
The General Assembly sent Gov. Edgar a landmark deregulation bill to open Chicago’s Commonwealth Edison and Illinois utilities to competition. It aims to cut residential, commercial, and industrial rates by letting customers pick their providers starting in 2002, with switching fees to cover stranded costs. The measure passed heavily in both chambers with bipartisan support and includes provisions on nuclear plant depreciation and a state task force study due by January 1999.
MENTIONED IN THIS ARTICLE
Statehouse
Springfield
General Assembly
Jim Edgar
Chicago
Commonwealth Edison
Illinois
William Mahar
Rorland Park
Phil Novak
D Bradley
Senate
House
ComEd
Mahar
Novak
Come
Dresden
Braidwood
Downstate
Central Illinois Light Company
Ilinois Power
Theegislators
Mike Giglio
Lansing
Kevin McCarthy
Orland Park
George Scully
Flossmoor
Giglio
Scully
Jim Brosnahan
Evergreen Park
Tom Dart
McCarthy
House-Senate
Vince Persico
Glen Ellyn
Illinois Power
CILCO
Midwest
Jane Schakowsky
Evanston