‘Partial Win for Customers’: ICC Approves $82 Million Rate Hike for Nicor Gas
The settlement cuts Nicor’s original request by nearly two-thirds and adds about $2 a month to residential bills starting in November.
- The Illinois Commerce Commission approved an $82 million Nicor Gas rate hike on Thursday, slashing the utility's original $221 million request by roughly 63%.
- Negotiated between Nicor Gas and Illinois Attorney General Kwame Raoul, the settlement allows a 9.48% return on equity for shareholders while reducing the residential monthly fixed charge from $21 to $15.
- Residential customers will see bills rise by around $2 monthly beginning in November, though consumer advocates call the decision only a "partial win for customers" due to ongoing rate hikes.
- A separate side deal guaranteeing union staffing levels through 2027 drew criticism, with the Chicago Tribune editorial board calling it a "nonsensical jobs deal" that the commission should not repeat.
- Illinois PIRG Director Abe Scarr noted this marks Nicor's sixth rate hike in a decade, warning that "rapid and significant rate hikes" driven by infrastructure spending threaten long-term customer costs.
13 Articles
13 Articles
Illinois Commerce Commission approves $81M Nicor rate hike
<p>The Illinois Commerce Commission has approved a $81.6 million rate hike for Nicor Gas customers.</p><p>The rate increase, the result of a settlement agreement, is 63% less than the <a class="Link" href="https://chicago.suntimes.com/money/2026/05/18/nicors-gas-rate-hike" target="_blank" ><u>$220.8 million hike Nior proposed</u></a> earlier last spring year. But the increase is $39 million short of the reduction consumer advocates were pushing …
Illinois Quick Hits: ICC approves cut to Nicor’s rate hike request - Regional Media News
(The Center Square) - The Illinois Commerce Commission has approved a settlement striking $139.2 million from Northern Illinois Gas Co.'s rate request for natural gas delivery services. The agreement announced onThursday reduces Nicor's initial $221 million requested increase by roughly 63%. The ICC said the [...]
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