Quinn Vetoes Bill Attempting to Raise Electric Rates

" politician Pat Quinn opposed a measure Sunday that would have reportedly let Illinois’ extended electrical public-service corporations to ordain an cipher $70 million charge hike.

“I cannot back up civil law that positions the net profits of elephantine electrical public-service corporations in front of the menages and business organisations of Illinois,” Quinn told in a statement.“A toughened scheme that makes occupations demands unfluctuating physical phenomenon costs, but this instrument sends away Illinois in the false direction.We cannot let elephantine public-service corporations to obligate self-activating charge walks on the groups of Illinois by answering inadvertence controls each and every example they make not acquire the judgment they want."

Senate Bill 9 was pushed by utilities in response to Illinois Commerce Commission rulings last year that denied proposed rate hikes that weren’t needed for the utilities to make promised investments and would cost Illinois families and businesses too much, according to a press release from the Governor "

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