Utility watchdog warns of rising water rates as regulators consider requests
Summary
Illinois’ two largest private water companies, Illinois American Water and Aqua Illinois, are asking regulators to approve significant rate increases and a merger between their parent companies. The Illinois Commerce Commission is reviewing these requests while a consumer group warns the merger could reduce competition and lead to higher prices without service improvement.Key Facts
- Illinois American Water wants to raise rates by $142 million, increasing water bills by about $14 and wastewater bills by about $28 per month for typical customers.
- Aqua Illinois has requested a $26.5 million rate increase, which would raise combined water and wastewater bills by about $23 per month.
- The two companies’ parent firms, American Water and Essential Utilities, are seeking approval for a merger that would combine the largest private water services in Illinois.
- The Citizens Utility Board (CUB), a consumer watchdog, opposes the merger, citing past complaints about high bills and poor service.
- If the merger is approved, over 99.99% of Illinois private water utility customers would be served by American Water and its affiliates.
- The requested rate hikes are intended to pay for infrastructure upgrades, replacing lead service lines, and improving cybersecurity.
- Aqua Illinois customers could see rate increases starting in April 2027, with some bills rising by up to nearly 30%.
- The merger, if approved, is expected to be finalized by early 2027.
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