Illinois regulators tighten oversight of Peoples Gas pipeline replacement program

Illinois regulators have imposed stricter oversight on Peoples Gas's pipeline replacement program, which is significantly behind schedule and over budget. The Illinois Commerce Commission will conduct annual reviews and require an independent safety monitor starting in 2027. Peoples Gas must prioritize replacing the highest-risk pipes and complete the project by 2035. The program, initially estimated to cost under $2 billion, has already reached $3.3 billion with only 38% of the work done. Consumer advocates view the decision as a win for residents, aiming to reduce costs and rate hikes. The commission previously approved a $300 million rate increase, adding $6 to average monthly bills, while concerns about the program's efficiency and spending persist.