State

ICC says ComEd can increase distribution rates

CHICAGO — Commonwealth Edison customers will see higher electric bills next year after the Illinois Commerce Commission approved a distribution rate increase.

The ICC on Wednesday said ComEd may collect an additional $340 million, largely to help offset its cost of modernizing the electric grid.

ComEd says the average electricity customer will pay an extra $5.50 per month, but notes electric bills have declined since 2012 because of low energy prices.

Ameren was told earlier this month to decrease electricity rates by about $45 million after the ICC determined the company had over collected for grid modernization.

But the ICC on Wednesday said Ameren may increase natural gas delivery rates by about $32 million a year. A spokeswoman says the company doesn't yet know how much that will cost the average customer.

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