Com Ed's fuel buying probed by Illinois Commerce Commission
Journal Article
·
· Energy User News; (United States)
OSTI ID:5232507
The Illinois Commerce Commission (ICC) challenged Commonwealth Edison Company's oversupply of coal, which could damage the utility's credit rating and raise rates, after an earlier move to prevent the utility from collecting fuel-adjustment charges. Com Ed also purchased an oversupply of high-priced oil. A loss of credit will worsen Com Ed's financial problems and its nuclear-construction program. Regulators object to poor utility procurement practices following an accepted rate increase. Com Ed testified that the surplus inventory is due to poor planning, but the company is taking corrective steps to adjust its coal contracts despite a glut of coal and a sluggish economy. (DCK)
- OSTI ID:
- 5232507
- Journal Information:
- Energy User News; (United States), Vol. 7:23
- Country of Publication:
- United States
- Language:
- English
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