• Quinn vetos electric rate bill

    by  • May 7, 2013 • News

    A plan to increase electric rates by roughly $70 million for Ameren and ComEd customers has been blocked by Gov. Pat Quinn.

    ComEd and Ameren say the rate hike would have helped get smart grid technology back on track and create jobs. Quinn vetoed the plan Sunday saying the bill would undermine oversight and force automatic rate hikes.

    The bill was meant to clarify legislation passed in 2011 and speed up smart grid installation.

    The utilities say they’re disappointed and the veto threatens jobs. Sponsors of the bill say they will override the governor’s veto.