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Advocates hail regulatory ‘earthquake’ as state slashes requested gas rate increases

By November 17, 2023No Comments

Illinois regulators unanimously approved rate hikes for four major natural gas utilities, but slashed the utilities’ requested rate increases by as much as 50%. The regulators also launched a series of “future of gas” hearings that will for the first time hold the utilities accountable for aligning their planning with the state’s 100% clean energy goals. “As the state embarks on a journey toward a 100% clean energy economy, the gas system’s operations will not continue to exist in its current form,” the Commission’s Chairman said in a statement.

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