Bill Text: IL HB1356 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Public Utilities Act. Makes a technical change in a Section concerning investments in rate base.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB1356 Detail]

Download: Illinois-2017-HB1356-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB1356 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
220 ILCS 5/9-211 from Ch. 111 2/3, par. 9-211
Amends the Public Utilities Act. Makes a technical change in a Section concerning investments in rate base.
LRB100 03066 JLS 13071 b
A BILL FOR
HB1356 LRB100 03066 JLS 13071 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Public Utilities Act is amended by changing
Section 9-211 as follows:
(220 ILCS 5/9-211) (from Ch. 111 2/3, par. 9-211)
Sec. 9-211. The The Commission, in any determination of
rates or charges, shall include in a utility's rate base only
the value of such investment which is both prudently incurred
and used and useful in providing service to public utility
customers.
(Source: P.A. 84-617.)