Illinois General Assembly - Illinois Compiled Statutes

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220 ILCS 5/9-210

(220 ILCS 5/9-210) (from Ch. 111 2/3, par. 9-210)

Sec. 9-210.

The Commission shall have power to ascertain the value of the
property of every public utility in this State and every fact which in its
judgment may or does have any bearing on such value. In all proceedings
before the Commission, initiated by the Commission upon its own motion, or
initiated by an application of such public utility, in which the value of
the property of any public utility or utilities is an issue, the burden of
establishing such value shall be upon such public utility or utilities. In
making such valuation the Commission may avail itself of any information,
books, documents, or records in the possession of any officer, department
or board of the State or any subdivision thereof. The Commission shall have
power to make revaluation from time to time and also to ascertain the value
of all new construction, extensions, and additions to the property of every
public utility.

For purposes of establishing the value of public utility property, when
determining rates or charges, or for any other reason, the Commission may
base its determination on the original cost of such property.

(Source: P.A. 84-617.)