15-year heating cost in Chicago may nearly double due to ongoing pipeline replacement program.

A report indicates that heating costs in Chicago could nearly double over the next 15 years if the Peoples Gas pipeline replacement program proceeds. Initially estimated at $2 billion, costs have surged to nearly $11 billion with only 38% completed. Completing the project by 2040 may require an additional $12.8 billion, potentially raising average annual household bills from $1,206 to $2,424. Electric options could increase bills further to $3,437.

October 29, 2024
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