Shots are being fired across the battlefield prior to legislators returning to Springfield. Senate President Emil Jones Jr. sent his own memo defending legislation that would phase in electricity rate increases in January. His fact sheet rejects House Speaker Michael Madigan’s interpretation of House Bill 2197 (see previous blog 12/13/06). Jones denies the phase-in proposal would be bad for consumers. Instead, he says, the plan would encourage competition, include Illinois Commerce Commission oversight, protect consumers from having to pay interest on the deferred amounts, and create a revenue source for utilities to repay the bonds that would cover ongoing costs or reduce debt.
Watch Illinois Issues magazine for more context.