State of Illinois
90th General Assembly
Legislation

   [ Search ]   [ Legislation ]   [ Bill Summary ]
[ Home ]   [ Back ]   [ Bottom ]



90_HB1801

      220 ILCS 5/5-102          from Ch. 111 2/3, par. 5-102
          Amends the  Public  Utilities  Act.   Makes  a  technical
      change in a Section concerning accounting.
                                                     LRB9004191JSfg
                                               LRB9004191JSfg
 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. The Commission shall have power to  establish
 9    a  uniform  system of accounts to be kept by public utilities
10    or to classify public utilities and to  establish  a  uniform
11    system of accounts for each class and to prescribe the manner
12    in  which  such  accounts shall be kept.  It may also, in its
13    discretion, prescribe the forms of accounts  to  be  kept  by
14    public  utilities,  including  records of service, as well as
15    accounts of earnings  and  expenses,  and  any  other  forms,
16    records and memoranda which in the judgment of the Commission
17    may  be  necessary to carry out any of the provisions of this
18    Act.  The system of accounts established  by  the  Commission
19    and  the  forms  of  accounts  prescribed  by it shall not be
20    inconsistent, in the case  of  corporations  subject  to  the
21    provisions  of  the  Act  of  Congress  entitled,  "An Act to
22    regulate  commerce,"  approved  February   fourth,   eighteen
23    hundred and eighty-seven, and the Acts amendatory thereof and
24    supplementary  thereto,  with the systems and forms from time
25    to time established for such corporations by  the  Interstate
26    Commerce  Commission,  but  nothing  herein  contained  shall
27    affect  the  power  of  the  Commission to prescribe forms of
28    accounts for such corporations,  with  the  approval  of  the
29    Interstate   Commerce  Commission,  covering  information  in
30    addition  to  that  required  by  the   Interstate   Commerce
31    Commission.  Where the Commission has prescribed the forms of
                            -2-                LRB9004191JSfg
 1    accounts  to  be  kept  by  any public utility for any of its
 2    business, it shall thereafter be  unlawful  for  such  public
 3    utility  to  keep  any  accounts for such business other than
 4    those prescribed or approved  by  the  Commission,  or  those
 5    prescribed by or under the authority of any other state or of
 6    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.)

[ Top ]