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Nicor Gas filed a request with the Illinois Commerce Commission in March 2017 to increase rates for natural gas delivery service. On Wednesday, January 31st, the ICC approved a rate increase in the amount of $137.1 million. This rate increase will be the first general rate increase for Nicor Gas since 2009.
The approved revenue increase will allow Nicor Gas to continue to meet its commitment of providing safe and reliable natural gas service to its 2.2 million customers throughout the 650 communities in the state of Illinois. This rate increase will allow the company to address higher compliance and operating costs, including employee expenses, and allow the company to continue its system modernization and safety programs.
The new rates are scheduled to go into effect February 8th and a typical residential customer will experience an average increase of approximately $2 per month. Even with this rate increase, Nicor Gas will remain one of the lowest cost providers of natural gas to residential customers in Illinois.
(Information courtesy of nicorgas.com)