ComEd's rates may freeze again

By: Narina Crain
By: Narina Crain

ComEd's rate hike in January may not be a done deal. The Illinois house of representatives is expected to discuss a three year extension of the rate freeze Wednesday night or Thursday.

On Tuesday night a house committee passed the proposed law. If approved it would still need a yes vote from the state senate. But many lawmakers are concerned that another rate freeze would drive ComEd into bankruptcy.

"The California legislature did exactly what the Illinois legislature is looking at. They did not allow utilities to recover their full costs, one- Pacific Gas and Electric went bankrupt," said State representative Dave Winters.

If the state does not approve a rate freeze we can expect to pay an extra 23 percent on our electricity bills in January.

To learn more, click on the video link.

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