Chicago expected to see higher electric bills

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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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