State of Illinois
90th General Assembly
Legislation

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90_HB1103

      220 ILCS 5/5-102          from Ch. 111 2/3, par. 5-102
          Amends the Public Utilities Act.  Makes technical changes
      in a Section concerning accounting.
                                                     LRB9004328JSfg
                                               LRB9004328JSfg
 1        AN ACT to amend the  Public  Utilities  Act  by  changing
 2    Section 5-102.
 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:
 5        Section  5.  The  Public  Utilities  Act  is  amended  by
 6    changing Section 5-102 as follows:
 7        (220 ILCS 5/5-102) (from Ch. 111 2/3, par. 5-102)
 8        Sec.  5-102. Uniform system of accounts.   The Commission
 9    shall have  the  power  to  establish  a  uniform  system  of
10    accounts to be kept by public utilities or to classify public
11    utilities  and  to establish a uniform system of accounts for
12    each class and to prescribe the manner in which such accounts
13    shall be kept.  It may also, in its discretion, prescribe the
14    forms of accounts to be kept by public  utilities,  including
15    records  of  service,  as  well  as  accounts of earnings and
16    expenses, and any other forms, records and  memoranda  which,
17    in  the  judgment of the Commission may be necessary to carry
18    out any of  the  provisions  of  this  Act.   The  system  of
19    accounts  established  by  the  Commission  and  the forms of
20    accounts prescribed by it shall not be inconsistent,  in  the
21    case  of corporations subject to the provisions of the Act of
22    Congress entitled, "An Act to  regulate  commerce,"  approved
23    February  fourth,  eighteen hundred and eighty-seven, and the
24    Acts amendatory thereof and supplementary thereto,  with  the
25    systems  and  forms  from  time to time established for those
26    such corporations by the Interstate Commerce Commission,  but
27    nothing  herein  contained  shall  affect  the  power  of the
28    Commission to prescribe forms  of  accounts  for  those  such
29    corporations,  with  the  approval of the Interstate Commerce
30    Commission, covering information in addition to that required
31    by the Interstate Commerce Commission.  Where the  Commission
                            -2-                LRB9004328JSfg
 1    has prescribed the forms of accounts to be kept by any public
 2    utility  for  any  of  its  business,  it shall thereafter be
 3    unlawful for such public utility to  keep  any  accounts  for
 4    such  business other than those prescribed or approved by the
 5    Commission, or those prescribed by or under the authority  of
 6    any other state or of the United States.
 7        The  Commission  may,  from time to time, alter, amend or
 8    repeal, in whole or in part, any uniform system of  accounts,
 9    or the form and manner of keeping accounts.
10    (Source: P.A. 84-617.)

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