Increased Costs for Regulatory Oversight
Should Illinois gas utilities avoid regulatory oversight and continue allowing politicians to authorize them to spend BILLIONS to do their job? Previous articles highlight the fact that Nicor has spent billions and increased consumer’s costs, all to perform maintenance work that was NOT done for decades.
Gas utilities have a monopoly to deliver natural gas. They get paid to spend money to maintain their pipeline service network. That is; they ONLY make money when they SPEND money. However, they want to get paid more to maintain their network without any guarantee that what they spend produces benefits for the consumers.
Citizens Utility Board is trying to raise awareness that politicians should NOT give additional guarantees to utilities to do their job. Especially if it raises your costs without any requirement that the maintenance becomes useful for serving your gas needs.
Please follow the link below and lend your voice to responsible utility oversight.
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Additional Information: Eliminate the QIP Surcharge (salsalabs.org)