Peoples Gas Wants to Raise Rates Next Year to Fund Upgrades, Cover Inflation

Peoples Gas files $202 million rate increase request

Open the article to view the coverage from thevoice.us

Peoples Gas seeks another big rate hike on Chicago heating bills – Chicago Sun-Times

Chicago heating bills could get even higher next year under a proposed rate hike from Peoples Gas that would increase the average household natural gas tab by up to $11 per month. It was only two years ago that the Illinois Commerce Commission granted Peoples Gas a record-high $306 million rate increase.

Peoples Gas wants to raise rates next year to fund upgrades, cover inflation

Peoples Gas wants to raise rates for Chicago-area residents next year to fund upgrades and cover inflation, the company said.

Peoples Gas seeks another big rate hike on Chicago heating bills

The average household bill would increase by up to $11 per month under the Peoples Gas proposal, which state regulators will consider for most of this year.

As Peoples Gas seeks rate hike approval, here's what it could mean for customers

Peoples Gas announced Monday it was seeking a rate hike that could increase customers’ average monthly bills by $10 to $11. The utility company said it filed a request with the Illinois Commerce Commission to establish new rates beginning in 2027. In a news release, Peoples Gas explained the hike is “critical to ensuring ongoing safety and reliability” as it replaces more than 1,000 miles of old iron pipes from Chicago’s heating system. The Citi…