Regulators to decide on massive gas rate increase by Nicor in Illinois

ILLINOIS (WTVO) — A non-profit watchdog is raising concerns after Nicor proposed a $314 million gas rate hike, which would be the largest in Illinois history.

The Citizens’ Utility Board (CUB) has highlighted that Nicor’s proposed rate increase still requires approval from regulators. Two judges have recommended that regulators cut the rate hike by about a third, but CUB argues that this reduction is insufficient.

Even under the approach recommended in this proposed order, Nicor would reap a $204 million rate hike.

Chilsen also noted that electricity prices are volatile right now, further stretching the pockets of consumers across Illinois.

A final decision from the Illinois Commerce Commission is expected by the end of the month.

The outcome of the regulatory decision will significantly impact Illinois consumers, who are already dealing with fluctuating electricity prices.

All facts in this report were gathered by journalists employed by WTVO. Artificial intelligence tools were used to reformat a broadcast script into a news article for our website. This report was edited and fact-checked by WTVO staff before being published.