Nicor Gas took the first step toward a $321 million rate hike Tuesday, filing for an increase from state regulators that would cost the average residential customer just over $9 more on their monthly natural gas bill.
Nicor Gas took the first step toward a $321 million rate hike Tuesday, filing for an increase from state regulators that, on average, would cost residential customers just over $9 more on their monthly natural gas bill.
"Nicor Gas realizes the impact any rate increase can have on customers and does not make this request lightly; however, this rate increase is necessary to run our business due to inflation and rising global impacts that continue to affect our operating and maintenance costs," the company said in a statement.
by signing up you agree to our terms of service The utility added that cost of service is now rising due to ongoing investments"to meet new federal compliance-related regulations and industry best practices that help ensure systemwide reliability while proactively lowering our operational methane and greenhouse gas emissions."
"To accomplish this, we are actively working to tighten our system and investing in transformational innovation," Nicor said in an email.
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Gas bills may be rising in Chicago after Nicor files for $321 million rate hike, with Peoples Gas expected to followNicor Gas filed for a $321 million rate increase with the ICC Tuesday, and Peoples Gas is expected to follow suit later this week.
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