Mr. H.
Diamond Member
...on the middle class. 
ComEd customers face big price increases - chicagotribune.com
Thats because fewer cheap electricity providers promised to provide power to the electricity grid this summer, in particular, coal plants which once provided a cheap and abundant source of power. Many have closed or demanded more money to operate and 2014 is the first year consumers are expected to see a marked impact in electricity bills as a result.
You have a decision as a coal plant owner, Travis Miller, director of utilities research at Chicago-based Morningstar. You put a bunch of capital into a coal plant to keep it running or you shut it down. If power plants are not properly rewarded for having enough capacity to serve those hottest days, the lights are going to go off. Power producers are not going to invest in the generation that systems needs if theyre not able to earn adequate returns.
ComEd customers face big price increases - chicagotribune.com
Thats because fewer cheap electricity providers promised to provide power to the electricity grid this summer, in particular, coal plants which once provided a cheap and abundant source of power. Many have closed or demanded more money to operate and 2014 is the first year consumers are expected to see a marked impact in electricity bills as a result.
You have a decision as a coal plant owner, Travis Miller, director of utilities research at Chicago-based Morningstar. You put a bunch of capital into a coal plant to keep it running or you shut it down. If power plants are not properly rewarded for having enough capacity to serve those hottest days, the lights are going to go off. Power producers are not going to invest in the generation that systems needs if theyre not able to earn adequate returns.
