State orders new probe of massive Peoples Gas project

Posted on: March 14th, 2017 by rgadmin

03 14 17

Q: How many different people does it take to lay pipe in the ground?

A: 50: 1 to dig the hole, 1 to put in the pipe, 5 to supervise and 43 to audit, regulate, review, police and provide oversight

The Illinois Commerce Commission, the entity responsible for oversight over utility monopolies in Illinois, has announced that the Peoples Gas pipeline replacement project be reopened and investigated.

Peoples Gas has been digging up Chicago streets for over a year as part as part of what was a $5.7 billion and is now projected to be over $7 billion. The ICC previously investigated Peoples Gas and fined them $18 million, oh but they approved $3.5 billion of the project!

Perhaps the ICC will hold Peoples Gas accountable for spending recklessly and not approve billions while barely slapping their hand with a petty fine

Previous reports have provided insight into the topic include: http://realgyenergyservices.com/?s=peoples+gas

  1. Peoples Gas Admit it withheld information; receives $3.5 Billion more but pays $18 Million fine.
  2. “I am NOT a crook!”
  3. Peoples Gas Officials ‘Misled’ Regulators About Cost Overruns
  4. Who oversees a monopoly that is spending recklessly?
  5. Peoples Gas parent to be acquired in $9.1 billion deal

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Additional Information:

http://www.chicagobusiness.com/article/20170301/NEWS11/170309973#utm_medium=email&utm_source=ccb-morning10&utm_campaign=ccb-morning10-20170302

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