Report: ComEd saw profits rise after utility deals amid bribery, patronage scheme
Abe Scarr, director of PIRG Illinois and one of the authors of the report, said ComEd and Exelon existing as essentially the same entity continues to create conflicts of interest that often hurt ratepayers across Illinois.
“There is a basic tension,” he said. “ComEd is required under law, it has a service obligation to provide universal, reliable, least-cost service. It’s in their service obligation to keep costs for customers low. Whereas, Exelon has an interest through its generation units of keeping power prices high.”
That opinion was shared by the R Street Institute, a nonprofit policy group that promotes free-market solutions.
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