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We Mean Business. Illinois Business. |
Electric deregulation results bombard Illinois consumers By ALAN J. ORTBALS
On Sept. 5, a plan formulated nearly 10 years ago to deregulate the electric industry in Illinois came crashing down on
consumers' heads. While Ameren president Scott Cisel had been predicting a price increase of 35 percent, the reverse auction
produced prices considerably higher, jumping from 7.5 cents per kilowatt hour to more than 10 cents/kwh.
| On Jan. 2, AmerenIP electric rates will leapfrog those of all surrounding states to become the 10th highest in the U.S. at nearly 10.6 cents per kilowatt hour. | |||||
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Illinois state pension funding gap nears $46 billion, parties differ on remedy By KERRY L. SMITH
Although Illinois Democrats claim the state's pension systems today are more secure than they were three years ago when
Gov. Rod Blagojevich took office, Republicans argue the future of the pension systems - and the increasing liability of the
state taxpayer - is becoming less secure with each passing fiscal year.
| According to data from the Governor's Office on Management and Budget, the gap between Illinois' pension systems assets and its liabilities continues to widen each year. | |||||
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