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<oembed><version>1.0</version><provider_name>Citizens Utility Board</provider_name><provider_url>https://www.citizensutilityboard.org</provider_url><title>CUB: Proposed Ameren Illinois Rate Cut Should Be Double | Citizens Utility Board</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="3Otlg0UVua"&gt;&lt;a href="https://www.citizensutilityboard.org/20160812_amerenratecut/"&gt;CUB: Proposed Ameren Illinois Rate Cut Should Be Double&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.citizensutilityboard.org/20160812_amerenratecut/embed/#?secret=3Otlg0UVua" width="600" height="338" title="&#x201C;CUB: Proposed Ameren Illinois Rate Cut Should Be Double&#x201D; &#x2014; Citizens Utility Board" data-secret="3Otlg0UVua" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>[vc_row][vc_column width=&#x201D;5/6&#x2033;][vc_custom_heading text=&#x201D;CUB: Proposed Ameren Illinois Rate Cut Should Be Double&#x201D; font_container=&#x201D;tag:h2|font_size:24|text_align:left&#x201D; use_theme_fonts=&#x201D;yes&#x201D;][/vc_column][vc_column width=&#x201D;1/6&#x2033;][/vc_column][/vc_row][vc_row][vc_column width=&#x201D;5/6&#x2033;][vc_column_text][/vc_column_text][vc_column_text]Contact: Jim Chilsen, chilsen@citizensutilityboard.org, (312) 513-1784[/vc_column_text][/vc_column][vc_column width=&#x201D;1/6&#x2033;][/vc_column][/vc_row][vc_row][vc_column width=&#x201D;5/6&#x2033;][vc_column_text]CHICAGO, August 12, 2016&#x2014; An electric rate cut that Ameren Illinois has proposed for 2017 should be doubled, to a decrease of about $30 million, according to expert testimony commissioned by the Citizens Utility Board (CUB) and an industrial customers&#xA0;group. On Friday, CUB asked consumers to visit www.CitizensUtilityBoard.org, where they can send a message to the Illinois Commerce Commission (ICC), the state&#x2019;s utility regulator, urging it to approve a larger&#xA0;decrease. &#x201C;We are glad that Ameren Illinois has proposed a rate cut for its customers, but our expert testimony shows that customers deserve double the decrease,&#x201D; CUB Executive Director David Kolata said. &#x201C;We&#x2019;re going to do everything we can to make sure customers get a fair rate&#xA0;cut.&#x201D; The ICC is considering Ameren&#x2019;s proposal to cut delivery rates by $14.4 million, a decrease that would take effect on Jan. 1, 2017. Delivery rates, which take up about a third to a half of Ameren electric bills, are determined annually by formula, under a state law to help pay for high-tech upgrades to the power grid. Ameren&#x2019;s proposed decrease means the revenue it is gaining has caught up with the cost of the&#xA0;upgrades. CUB hopes the decrease is a sign that the upgrades are starting to benefit consumers. This summer, an expert analysis commissioned by the consumer group and a group called the Illinois Industrial Energy Consumers (IIEC), which represents large manufacturers, showed the rate cut should be even&#xA0;larger. Michael Gorman, an expert from Brubaker &amp; Associates, Inc., a Missouri-based consulting firm that specializes in utility regulation, pinpointed inflated costs in Ameren Illinois&#x2019; proposal and recommended an additional $15.5 million reduction&#x2014;for a total rate cut of about $29.9&#xA0;million. Gorman explained that Ameren Corp., the parent company, uses an affiliated services company to perform the day-to-day administrative tasks for all companies under the Ameren umbrella. Ameren Illinois, the electric utility, shares these administrative costs with its sister companies, and requests that a certain portion of the costs be included in delivery&#xA0;rates. However, Gorman argued that back in 2013, Ameren Corp. divested itself of a generation business, and that should have brought down administrative costs for Ameren Illinois. Instead, the costs went&#xA0;up. Gorman also argued that the administrative costs were unreasonably high, and that the parent company should be shifting more of those costs from Ameren Illinois to a transmission&#xA0;affiliate. Created by the Illinois Legislature, CUB opened its doors in 1984 to represent the interests of residential and small-business utility customers. Since then, the nonprofit utility watchdog group has saved consumers more than $20 billion by helping to block rate hikes and secure refunds. For more details, call CUB&#x2019;s Consumer Hotline, 1-800-669-5556, or visit CUB&#x2019;s award-winning website, www.CitizensUtilityBoard.org..[/vc_column_text][/vc_column][vc_column width=&#x201D;1/6&#x2033;][/vc_column][/vc_row]</description><thumbnail_url>https://www.citizensutilityboard.org/wp-content/uploads/2017/03/CUB_IL_LogoBadgeRGBAdminLogo.png</thumbnail_url><thumbnail_width>254</thumbnail_width><thumbnail_height>254</thumbnail_height></oembed>