Illinois Appeals Court Says ComEd Must Refund $37 Million

By: AP
By: AP

CHICAGO (AP) -- An appeals court says ComEd must refund almost $37 million to its northern Illinois customers.

Crain's Chicago Business reports last week's ruling by the Illinois Appeals Court follows a six-year legal dispute.

The utility company can still appeal to the Illinois Supreme Court.

The litigation stems from a $274 million rate hike in 2007. The Citizen's Utility Board and the state's attorney general said customers should have gotten some money back because of equipment depreciation.

If the $36.7 million were to be divided equally among ComEd's 3.7 million ratepayers, customers would get about $10 back apiece.

The utility issued a statement saying it was "disappointed" in the court ruling and is reviewing the Sept. 27 opinion.

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