If you are tempted to resent Com Ed’s wanting to raise electricity prices, read Dennis Byrne in Chi Trib and Dan Miller in Sun-Times. Between the two of them, you will be moved to resent the politicians who want to stop the world so we can all get off.
Byrne on “Playing politics with electricity rates” in part:
Nothing says more about the pandering, spineless nature of our current knot of politicians than their call for a special session of the Illinois General Assembly to zap one of the best deals that electricity consumers in Illinois have ever had.
The deal was made 10 years ago when ComEd, consumer groups, businesses and the politicians agreed to roll back electric rates more than 20 percent and freeze them there. ComEd customers have saved billions.
So what? It’s close to election time, with the votes meat a-cooking.
Miller, with “New freeze would pull rug out under ComEd”:
Illinois’ electricity market for the last 10 years has been based on a complex infrastructure of laws and regulations negotiated and agreed to by all players, from the General Assembly and the Illinois Commerce Commission to the Citizens Utility Board and the Illinois Retail Merchants Association, and dozens of other special interest groups in between. Tampering with that infrastructure now threatens the reliability of Illinois’ electricity supply, the stability of every business enterprise in the state, and — make no mistake about it — the financial survival of the state’s biggest utility, Commonwealth Edison.