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| | 10100SB0581sam001 | - 2 - | LRB101 04343 AWJ 56743 a |
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| 1 | | (b) In the interest of public health and safety, |
| 2 | | reliability, and electric grid security, a public utility, as |
| 3 | | defined by Section 3-105 of the Public Utilities Act, shall |
| 4 | | underground any 138 kilowatt or greater electric transmission |
| 5 | | line constructed after the effective date of this amendatory |
| 6 | | Act of the 101st General Assembly where: |
| 7 | | (1) a 138 kilowatt or greater electric transmission |
| 8 | | line or any portion of a 138 kilowatt or greater electric |
| 9 | | transmission line is to be located within 26,000 feet of an |
| 10 | | airport that is located in and owned by a municipality with |
| 11 | | a population greater than 70,000 and less than 80,000 |
| 12 | | located in or contiguous to a county with a population in |
| 13 | | excess of 1,000,000 inhabitants; or |
| 14 | | (2) a 138 kilowatt or greater electric transmission |
| 15 | | line is to be located in 4 or more contiguous |
| 16 | | municipalities with a population density of 1,000 per |
| 17 | | square mile or more as of the most recent federal decennial |
| 18 | | census. |
| 19 | | (c) The costs for undergrounding a new transmission line |
| 20 | | shall not be allocated solely to the municipality or |
| 21 | | municipalities in which it is underground; instead, the |
| 22 | | Illinois Commerce Commission shall allow a public utility to |
| 23 | | fully recover from all retail customers in its service |
| 24 | | territory all reasonable and prudent costs that it incurs |
| 25 | | related to the undergrounding of transmission lines. The public |
| 26 | | utility shall record and defer these costs as a regulatory |
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| | 10100SB0581sam001 | - 3 - | LRB101 04343 AWJ 56743 a |
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| 1 | | asset to be included in the public utility's total rate base |
| 2 | | and amortized over a reasonable period that is equal to the |
| 3 | | expected life of the transmission line. These regulatory assets |
| 4 | | shall be collected from all ratepayers system-wide, and not |
| 5 | | only from ratepayers in the corporate limits of the |
| 6 | | municipality or municipalities within which the transmission |
| 7 | | line is constructed.
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| 8 | | Section 99. Effective date. This Act takes effect upon |
| 9 | | becoming law.".
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