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Report: Illinois utility fails to deliver on smart meter benefits
Energy News Network: ComEd customers have paid higher bills for energy delivery and seen few benefits from multibillion-dollar smart grid investments because of laws the utility pushed through the Illinois Legislature that gutted regulatory protections and guaranteed profits, a new report by a public advocacy group alleges.
The report from Illinois PIRG says ComEd and its parent company Exelon saw profits skyrocket thanks to 2011 state legislation authorizing $2.6 billion in smart grid-related investments and changing how ComEd rates are set.
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