Bill Title: Amends the Public Utilities Act. Provides that in a ratemaking proceeding, the Illinois Commerce Commission shall not approve for ratemaking purposes either a cost of equity exceeding 8% unless clear and convincing record evidence demonstrates that a higher return on equity is strictly necessary to prevent an imminent and significant threat of negative credit action that would be expected to increase the cost of service for the utility's ratepayers; or a capital structure comprised of more than 50% common equity unless clear and convincing record evidence demonstrates that a higher equity ratio is strictly necessary to prevent an imminent and significant threat of negative credit action that would be expected to increase the cost of service for the utility's ratepayers. Provides that the Commission shall not treat the utility's interest in offsetting the revenue impact of enforcing either of these limitations as justification for approving or adjusting any other proposed revenues. Makes corresponding changes to the Multi-Year Rate Plan.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced) 2023-03-22 - Added Co-Sponsor Rep. Lindsey LaPointe [HB2541 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-02-15	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB2541

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB2541 currently on file.

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