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Eye On Illinois: ComEd customers in line for whopping $4.80 refund

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Eye On Illinois: ComEd customers in line for whopping $4.80 refund


How will you spend your $5?

Not everybody studying it is a ComEd buyer, however these of us who’re needs to be fairly darn excited to study the Illinois Commerce Fee Wednesday authorised the utility’s proposal to concern refunds due to the corporate’s “unacceptable conduct” in the course of the bribery investigation that resulted in a $200 million positive paid to the federal authorities in 2020.

In accordance with the feds, ComEd bigwigs used jobs and different advantages to affect lawmakers to cross the 2011 reforms making a “system price” system the Residents Utility Board says “left electrical clients susceptible to a whole bunch of hundreds of thousands of {dollars} in price hikes during the last decade.”

CUB broke down the maths as follows: A 3-0 ICC vote ordered ComEd to concern $31,296.338. As soon as the Federal Vitality Regulatory Fee approves, one other $5,019,312 will likely be added, plus curiosity. Clients will get the refund within the type of a invoice credit score, delivered in April, with the typical payout coming to $4.80.

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Everybody’s invoice varies, however wanting on the final 12 months of statements for our suburban house, the refund doesn’t cowl a full day. It additionally is a bit more than 10% of the price of one share in ComEd’s mother or father firm, Exelon, which was buying and selling at $46.30 Thursday and has bounced between $40 and $50 over the previous six months. Headquartered in Chicago, Exelon ranks 99 on the Fortune 500 with a web value exceeding $45 billion. The Illinois Public Curiosity Analysis Group mentioned ComEd’s earnings are up $6 billion ensuing from bribery.

“A $36 million refund falls in need of the refund beneficial by CUB, the Illinois Lawyer Common’s Workplace and the town of Chicago,” the Residents Utility Board mentioned Wednesday. “Additional, this case was restricted to direct prices and solely partially compensates clients for ComEd’s misconduct – folks deserve higher within the wake of Illinois’ most vital utility scandal ever.”

CUB direct slight optimism towards final September’s passage of the Local weather & Equitable Jobs Act, meant to interchange the system price strategy. However whereas that laws known as for the investigation that finally yielded the refund, advocates had aimed for $45 million by a broader probe that factored how a lot customers paid by increased electrical charges made doable by the shady dealings.

I’d spend my refund, together with a number of dimes, to purchase a $5 “The Worth Is Proper” scratch ticket – new from the Illinois Lottery – in hopes of gathering one in every of 4 $400,000 grand prizes. The chances of successful any prize by that recreation are one in 4.08, however I like my possibilities.

Perhaps I’ll simply set the central air-con one diploma decrease for an hour. In any case, this refund is little greater than chilly consolation.

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Scott T. Holland writes about state authorities points for Shaw Media. Observe him on Twitter @sth749. He might be reached at sholland@shawmedia.com.





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Illinois

Line of thunderstorms to bring damaging winds, downpours across northern Illinois

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Line of thunderstorms to bring damaging winds, downpours across northern Illinois


A line of thunderstorms will move through northern Illinois Saturday evening, with weather officials warning of damaging winds, heavy downpours and possibly localized flash floods. | Photo: National Weather Service (NWS) Chicago

A line of thunderstorms will sweep through northern Illinois this evening, with weather officials warning that it will bring damaging winds, heavy downpours and possibly localized flash floods.

The squall line will move in a southeasterly direction and is expected to begin impacting northern Illinois at 5 p.m. this evening, according to the National Weather Service (NWS).

The storms will continue moving southeast at approximately 35 mph and are expected to hit Lake and McHenry counties at around 8 p.m.

They will then move into northwest Indiana late at night and into early Sunday morning.

“Strong damaging wind gusts and heavy downpours will accompany these storms through the evening,” NWS said.

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“The heavy rainfall could cause some instances of localized flash flooding,” NWS added.

Weather officials say you should move indoors if you hear thunder and use caution when driving in heavy rain.

“Stay weather aware!” officials said. “Ensure you have multiple ways to get warnings!”

After the storms pass, temperatures will cool for Sunday but slowly increase again into Tuesday. | Photo: National Weather Service (NWS) Chicago

After the storms pass, temperatures will start to cool for Sunday.

“However, temperatures will slowly increase into Tuesday once again as heat index values rise,” NWS said.

“There is also the potential for another storm system that may move in Tuesday afternoon/evening,” NWS added.

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Illinois AD Looking for $22 Million for Revenue Sharing

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Illinois AD Looking for $22 Million for Revenue Sharing


Illinois athletic director Josh Whitman told media in a roundtable conversation that he agrees with the decision to settle the House vs. NCAA case.

Now, the next step? Find the money for the anticipated revenue-sharing to come.

Whitman’s comments were reported by wcia.com, among other outlets.

Whitman, the former Illinois product and NFL player who has served as the school’s athletic director since 2016, said the school expects to share with its student-athletes the full amount allowed under the settlement, which is expected to be $22 million, or a figured capped at 22% of the average major conference school’s primary revenues.

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The settlement must still be approved by a federal judge but the contours are agreed upon.

Whitman said that for Illinois to be able to compete at the highest level that it had to make that investment in revenue-sharing. There’s just one problem at the moment.

“We don’t have $22 million so we’re unturning every stone to make that happen,” Whitman said.

Other Big Ten schools are in the process of figuring this out.

Nebraska athletic director Troy Dannen has already told boosters that the department has set aside $20 million for revenue sharing, which would start with the 2025-26 athletic year.

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Minnesota athletic director Mark Coyle is working with his staff to start that budgeting process.

New Ohio State athletic director Ross Bjork recently said the Buckeyes will share the max and they’re working on their budget

Whitman said the money will primarily come from television revenue, sponsorship money and ticket sales.

In that respect the Illini are at an advantage. The Big Ten TV deals will pay the league $8 billion over the next seven years. Illinois football attendance was up 15% last season. Whitman also said that their intention is to share revenue whether they have the support of the university or not.

Plus, he anticipates that Illinois will have to surrender $1.2 million in back damage money as part of the House settlement. He also sees football and men’s basketball as the primary beneficiaries of revenue sharing, though Title IX restrictions may influence that.

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He also cautioned that what’s happening now may not be anywhere close to where major college athletics ends up.

“We’re living in one the most intense periods of change in college athletics. Everything that has happened (NIL, portal, sports gambling, etc.) to date will be a footnote to where this thing will ultimately go,” Whitman said.  



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When do cicadas leave Illinois?

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When do cicadas leave Illinois?


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With reports of live cicadas winding down and sightings of the dead insects on the increase, many people wonder what’s coming next. Here’s what to expect.

When do the cicadas go away?

The remaining periodical cicadas out now should be gone by late June. Periodical cicadas are among the longest-lived insects on the planet, but most of their 13- or 17-year lifespan is spent underground. After emerging, singing and reproducing, the adults don’t live long. After about a month, the cicadas begin to die.

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Their departure can be memorable. In 1990, there were reports of people in Chicago using snow shovels to clear sidewalks of dead cicadas, which have a noticeable odor.

More: Is your dog eating cicadas? Here’s why you should be worried about it

Do cicadas come out every year?

Some cicadas do show up every year. Annual — or dog-day — cicadas emerge during the heat of summer, usually around July, said Kacie Athey, a specialty crops entomologist with the University of Illinois Extension.

The periodical cicadas that are dying off now were part of a historic dual emergence of two particular broods, an event that hadn’t occurred since 1803 and made Illinois the center of attention for cicada watchers. In some years, no periodical cicadas emerge. After 2024, Brood XIII and Brood XIX cicadas won’t sync up their emergences again until the year 2245.

More: What animals eat cicadas?

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Do cicadas have a purpose?

Cicada nymphs aerate the soil. The emergent adults prune mature trees and provide an abundant source of food for wildlife — and some humans. After they die, cicadas’ bodies provide a source of nitrogen for growing trees. CicadaMania.com breaks down the bugs’ many benefits.



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