This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AARP Strongly Urges ICC To Reject New Ameren Rate Hike Request

$50 million rate hike would hurt thousands of seniors, low-income families and jobless residents in Central and Southern Illinois

CHICAGO, Jan. 28, 2013 /PRNewswire-USNewswire/ -- Statement from AARP Illinois State Director Bob Gallo:

"Barely a year after receiving a hefty rate increase, Ameren is once again trying to burden consumers with a new natural gas rate hike request that will significantly hurt low-income families who live paycheck to paycheck, individuals who have lost their jobs, and older residents living on fixed incomes, all of whom rely on utilities for their well-being and health.

The Illinois Commerce Commission needs to take into account the impact this unwarranted rate increase request will have on thousands of cash-strapped residents in Central and Southern Illinois, and side with them instead of with corporate interests. AARP on behalf of our 1.7 million Illinois members strongly opposes this request and urges the ICC to stand on the side of consumers and reject it in its entirety.

It may not be a coincidence that Ameren's $50 million rate hike request comes in the heels of the company's last quarter financial report showing a sharp decline in earnings. Asking consumers to bail out a corporation through higher delivery rates is unacceptable.

This new request is also a reminder of the dire impact on the consumer of the rate hike law – pushed by Ameren and ComEd through the Legislature and over the Governor's veto – and of the utilities ongoing attempts to hurt consumers in order to fund infrastructure or recoup financial losses.

We urge consumers to contact the ICC to oppose Ameren's filing. The ICC can be reached at 1-800-524-0795."


Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs