Paying Utility Customers to Pay for Non-Payers

February 8, 2010

Daily Real Estate Updates

sudler-sothebys-logo8 February 2010 ? Utility customers will soon carry the weight of those that do not pay their bills. Last year a new state law was quietly passed allowing utility companies to pass along bad debt to those who do pay their bills. Until this year, gas and electric rates included a set amount reflecting the utility companies’ estimate of the costs they would incur from unpaid bills. If those costs exceeded the estimate, the utility absorbed the losses. If bad debt fell short of the estimate, the utility pocketed the benefit. Now, customers will pay more if bad debt exceeds the estimate and get a credit on their bills if losses fall short. This causes one to wonder how hard utilities will work to collect unpaid bills if they don’t bear the losses. Be prepared for your utility bills to keep rising.

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About Katie Anderson

Katie Anderson is a respected and successful broker at Sudler Sotheby's Realty as well as a certified appraiser. She specializes in representing clients who purchase and sell condominiums, town homes, single-family homes and income property in the Chicago land area. In her small amount time in the real estate game (she became an agent in 2003) she has assisted in excess of 400 deals and over $200 million in sales and continues to use her skills as a certified appraiser. Katie resides in Chicago's Bucktown neighborhood with her loving husband and 4-year-old-daughter, where she spends much of her spare time with her family and friends. You can contact her at katie@thechicago77.com or at andersonbraack.com

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