Utility Transparency Campaign
Over the years, utilities have decided it’s OK to recover from ratepayers some of the costs that should be charged to their shareholders! They routinely charge ratepayers for the cost of a range of activities without the ratepayers knowledge.
The Utility Transparency Act would prohibit utilities from charging ratepayers for:
Hiring outside lawyers and witnesses to raise rates
Paying for memberships in trade associations to lobby against the interests of ratepayers
Purchasing insurance to protect shareholders from potential losses
Buying goodwill advertising to enhance the utility’s image, to the financial benefit of shareholders
The Utility Transparency Act would also,
Require at least one Public Hearing on utility rate increase requests
Make Intervenor Compensation Fund (ICF) money non-recoverable from ratepayers going forward in future rate cases
Connecticut, Colorado, and Maine have passed similar legislation. If enacted, this bill would save ratepayers across Illinois approximately $40 million per year, on average.
350 Chicago is working with the Citizens Utility Board (CUB) and a statewide coalition to advocate for Utility Transparency and stop the utilities from charging you to lobby for higher rates to fatten their profits.
If you would like to tell your state representative and state senator to support the Utility Transparency Act, you can sign this form urging them to support the act here.
If your organization would like to endorse the Utility Lobbying Reform Campaign and join the coalition, please add your organization’s support by signing on here.