The rate review process takes time — about 18 months from developing the review to the time new energy rates take effect.
Rate review process
- Rate review preparation
Peoples Gas analyzes budgets, sales and construction forecasts and develops the rate review.
- Filing
Peoples Gas files rate review with the Illinois Commerce Commission.
- Review
The Commission audits budget information from Peoples Gas, asks Peoples Gas to defend and update figures provided.
- Hearings
The public has an opportunity to comment. Witnesses that support the figures in the rate review are available for cross examination in a court-like proceeding.
- Ruling
The Commission decides any outstanding matters and issues a written order on the rate request.
- Rates take effect
New rates take effect for customers.
