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May 10, 2016

Posted  May 10, 2016

Illinois announced two settlements with Peoples Gas Light and Coke Company (Peoples) and its parent company, Integrys Energy Group, which is owned by WEC Energy Group Inc. (WEC), totaling $18.5 million to resolve an Illinois Commerce Commission (ICC) investigation and Madigan’s own investigation into Peoples’ misleading statements about the cost of its Accelerated Main Replacement Program (AMRP). The settlements stem from petitions filed last year by Madigan and the Citizens Utility Board (CUB) with the ICC following a shocking audit report that found Peoples’ AMRP could cost consumers $8 billion, an estimate the company now admits it withheld from the ICC in a hearing in advance of the ICC’s approval of its 2015 merger with WEC. Prior to its merger with WEC, company executives estimated the cost of the program at $4.5 billion. IL