It Couldn’t Possibly be Our Fault
For a decade it has been illegal to raise electricity rates in Illinois. When this freeze expired in January Illinois residents got to enjoy ten years of rate increases all at once. This was not very popular with the voters, naturally, so the legislature is considering making those rate hikes illegal too. The only problem with this scheme is that just when it began to look promising the Wall Street bond rating agencies downgraded Illinois electricity companies to junk bonds.
The response of the Illinois AG: Investigate the rating agencies.