My selection of industri news

It looks like Nicor Inc. has won the battle in hiking up their natural gas prices as their requested rate hike was approved by the Illinois Commerce Commission last Wednesday, March 25, 2009. Starting April, Nicor customers should expect an increase of $2.50 to $3.00 on their monthly natural gas bills.
The consolation is that the approved increase is actually just half of what the company requested for last year. Nicor originally requested an increase of about $140 million, which was deemed too much by the commission. Instead they approved half of the said amount and set the increase at $69 million, a figure that they thought fitting based on the company’s current situation. This is a hard pill to swallow for a lot of people and the Citizens Utility Board of the state plan to appeal the court’s ruling.