Illinois consumers will experience significant benefits from the project. It will offer unmatched protections to consumers, including a guaranteed $100 million in savings over the life of the project for ratepayers and an innovative revenue sharing system that will provide additional cost savings to consumers. State law also includes a 2 percent annual rate cap to protect against any rate increase – the same structure that governs wind and solar projects in the state – and a $1.5 billion consumer protection reserve account that were both added as a result of feedback from Governor Quinn and consumer advocates."Working with Governor Quinn, the Citizens Utility Board and others, we were able to include a number of protections in the project's authorizing legislation when it was approved in 2011," said Hoyt Hudson, project manager for Chicago Clean Energy. "The project's success is tied directly to producing savings for consumers."
Benefits Of Chicago Clean Energy Project Are Diverse And Wide-Reaching
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