Quinn vetoes electric rate hike bill

September 12, 2011 (CHICAGO)

The governor will be taking legislative action Monday, but his office is not saying what that action is.

One report says Quinn will be vetoing legislation that would have raised electric bills. The Sun-Times is reporting that a source says that Monday's legislative action will veto the rate hike.

Quinn has said in the past he would veto the bill, which was passed by the Illinois General Assembly last spring.

ComEd helped push the bill through to raise rates to pay for a new smart grid. The grid would replace analog meters with digital meters and add technology ComEd says would decrease power outages. The hike would pay for a $2.6 billion project.

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