WATCH LIVE: Israeli Prime Minister Benjamin Netanyahu addresses Congress

Chicago expected to see higher electric bills

If you pay an electric bill in Chicago, your monthly bills are about to jump by 14-percent.

Last year, Mayor Emanuel promised that a typical homeowner or business would save more than $10 a month in electricity costs when the city switched from Com-Ed to another supplier.

The actual savings will be much smaller — less than $3 a month.

The mayor’s office blames the price hike on new federal regulations on coal-burning power plants.

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