Settlement Agreement Leads To Changes In The Illinois Electric Market
Major changes are in store for large commercial and industrial consumers in the Illinois retail electric market. On March 28, 2003, the Illinois Commerce Commission (ICC), the regulatory body that oversees all Illinois public utilities, issued three Orders that closely track a settlement agreement that resolves longstanding disputes between Commonwealth Edison Company (ComEd), a coalition of competitive retail electric suppliers, and consumer and governmental representatives.
As a result of the Orders approved by the ICC, many Illinois businesses will be able to stabilize their electric bills and receive additional discounts as competition and customer choice have been given a new life in Illinois. The Orders resolve a number of issues for customers who choose to enter the competitive market, including: what delivery rate ComEd will charge to transport electricity over its wires, what "transition charge" ComEd
