Martin Cohen
Martin Cohen
increases markets seeing seem
What we're seeing as we look into the futures markets presently are increases that seem to be never ending,
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I wouldn't say it brought a tear to my eye, but certainly a little bit of a lump in my throat when I (first) sat down here and looked out that window and said, OK, this is a great responsibility I have.
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Energy markets have proven to be volatile, unpredictable and trending dramatically upwards. This auction would expose consumers to all of the risks of the market.
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Utilities have a legal responsibility, not to mention a moral one, to ensure that their customers receive reliable service at the least possible cost, ... It's the commission's job to make sure that happens. It's a matter of having the proper incentives, both carrots and sticks, to make sure utilities do the best they can for their customers and have a fair opportunity to earn a profit.
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You have no choice if you're going to live through the winter than to turn your heat on,
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We stand with Illinois Attorney General Lisa Madigan in this lawsuit, ... The Illinois Commerce Commission does not have the legal authority to order a power auction with unlimited rate hikes as the outcome. The ICC should tell Ameren and ComEd to take their auction proposal to Springfield for review by the General Assembly, which approved a Public Utilities Act that clearly gives Illinois regulators final say over electricity rates.