Isn't that Special? - UPDATED
I just got word that the Speaker is sending a letter to the Governor calling on him to convene a Special Session within the next week to overturn the Illinois Commerce Commission actions regarding power rates. The proposal is geared at passage of HB5766, which has gotten a lot of traction around the state.
I have received dozens of calls and e-mails in support of the bill, and this is one of those issues that consumers can clearly comprehend.
The Speaker rightfully points out that the envisioned competition in the energy market has not materialized. He then goes on to label the recently-concluded power auction a 'sham procedure' aimed at doing little more than padding the bottom line of the energy companies and their investors.
The energy folks are going to have their work cut out for them trying to convince the powers that be that any change to the proposed pricing increases could set us up for California-esque brown-outs. In an election year, I'm betting on the Speaker.
UPDATESO IT JUST DAWNED ON ME - that it's ironic in light of some of the other news of the day, that the Speaker wants to extend the rate freeze for three more years, but we can't get any traction in trying to extend the 7% property tax cap. Go figure.