A bill that would pump more revenue to ComEd to digitized Illinois' electrical grid passed by a 86-to-28-vote in the House yesterday. It now heads to Gov. Pat Quinn's desk, although he is expected to veto the measure, according to the Chicago Tribune.
Once on his desk, Quinn has 60 days to act on the bill.
The timing of the bill's passage also gives legislators time for a veto override before the current session ends, the Chicago Tribune reported.
If the bill is signed into law, an Illinois resident's average $82 per month bill from ComEd would go up about 40 cents starting in 2014 and 80 cents in 2017.
The customer rate hikes would bring in some $2.6 billion for ComEd over 10 years, with the funds targeted for the install of smart meters and other revamps in its service territory of about 3.8 million customers.
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