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The Bonneville Power Administration announced it has triggered a $40 million surcharge to rebuild financial reserves depleted after three years of low water, saying the move could lead to an annual average effective rate increase of 2.2% for most power sales.
Customers of the Bonneville Power Administration will see power rates increase by about 8-9% over the next three years while transmission rates will jump by an average of nearly 20%, the agency said.
Exelon prioritized improving "our regulatory outlook in Illinois," CEO Calvin Butler said, after the state's Commerce Commission rejected ComEd's integrated grid plan for failing to meet core provisions of the Climate and Equitable Jobs Act.
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