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flag Illinois approved a $73M rate hike for Ameren, raising average gas bills by $3.65 in January.

flag Illinois utility regulators approved a $73 million rate hike for Ameren Illinois, leading to an average $3.65 increase on residential gas bills in January, down from the originally requested $9.09. flag The decision follows an 11-month review involving consumer and environmental groups. flag Ameren attributes the lower increase to investments in 12 underground gas storage fields that reduce winter supply costs by 30% over five years. flag Nicor, the state’s largest gas provider, received a $168 million increase. flag Both utilities have raised rates multiple times since 2017, prompting concerns from consumer advocates about financial strain amid rising living costs. flag Utilities earn revenue from infrastructure, not gas prices, which are passed through directly. flag The next rate increase request would likely not be considered before January 2027, assuming a biennial filing pattern continues.

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