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Big biz challenges ComEd surcharge: An association including AbbVie and ADM is asking regulators to overturn a decision allowing ComEd to claw back more than $100 million in credits it previously made to customers.

Authors :
Daniels, Steve
Source :
Crain's Chicago Business; 9/11/2023, Vol. 46 Issue 36, p4-4, 1p
Publication Year :
2023

Abstract

An association representing more than 120 corporations, including high-profile locally based heavyweights like drugmaker AbbVie and agribusiness giant Archer Daniels Midland, has asked state regulators to overturn a Commonwealth Edison surcharge that they say is collectively costing them more than $100 million. Those credits, which turned out to be wildly and overly generous, were tied to payments under the 2021 clean-energy law that nuclear power generator Constellation Energy Group made to ComEd under provisions to bail out three nukes in Illinois. [Extracted from the article]

Details

Language :
English
ISSN :
01496956
Volume :
46
Issue :
36
Database :
Supplemental Index
Journal :
Crain's Chicago Business
Publication Type :
Periodical
Accession number :
171965601