Claims made that ComEd interferred with NextEra agreement.
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ROCHELLE – The Illinois Senate Energy and Public Utilites Committee held a subject matter hearing on Thursday, May 2 on ComEd’s ongoing attempt to block the sale of electric transmission lines owned by the Rochelle Municipal Utility.
City leaders pointed to interference by Chicago-based ComEd and asked state senators for support in bringing a resolution to the issue.
This was the second hearing at the state Capitol on this topic. A house committee heard similar testimony from Rochelle in March. The transaction is still tied up in proceedings before the Illinois Commerce Commission.
“The longer this sale is stalled, the more the transmission assets depreciate and thus, the net sale price received by City of Rochelle is reduced by estimated $50,000 per month,” new Rochelle Mayor John Bearrows testified.
“…because the transaction has been delayed, the plan to revitalize our downtown is on hold,” Rochelle Chamber of Commerce President Tricia Herrera explained.