Abstract
The Energy Infrastructure and Modernization Act of 2011 authorized over $3 billion in grid modernization and reliability enhancements and the establishment of a new performance-based, formula ratemaking process with unprecedented accountability metrics. After the Illinois Commerce Commission's Orders on ComEd's and Ameren Illinois’ formula rate filings had chilling effects on the EIMA investment package, the General Assembly stepped in to remove the uncertainty, boosting the likelihood of success.
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