Critics of rising cost of project say consumers could see rate hikes
CHICAGO (WLS) -- The controversial Peoples Gas pipe replacement program was the subject of a hearing Wednesday in Chicago.
The Illinois Commerce Commission heard arguments from both sides Wednesday as they decide how the project should resume.
The ABC7 I-Team has been covering the story for years and how it could affect consumers' gas bills.
The Illinois Commerce Commission put the project on hold in 2023 due to concerns over costs, and it launched an investigation.
Consumer advocacy groups say the rising costs of the project could get passed onto the consumer in rate hikes.
The watchdog group Citizens Utility Board said the estimated cost several years ago of $1 billion grew to more than $12 billion. Peoples Gas said the current cost is closer to $10.5 billion.
Critics say even though a special fee on bills went away, consumers will see rate increases.
SEE ALSO: Seeing an extra $5.27 charge on your Peoples Gas bill? Here's what it's for
In a statement Wednesday, Peoples Gas told the I-Team some energy pipes in Chicago date back to the 1800s and need to be replaced quickly and that safety experts support the plan.
The ICC's ruling on the future of the project will not be until sometime in February.