Illinois General Assembly - Bill Status for HB5760

Amends the Public Utilities Act. Allows the Illinois Commerce Commission to deny a license for an agent, broker, or consultant engaged in the procurement or sale of retail electricity supply for third parties if the Commission determines the applicant has failed to demonstrate that the applicant possesses the necessary competence or is unlikely to fulfill the applicant's ongoing obligations as an agent, broker, or consultant. Provides that violations of the provisions related to the licensure of agents, brokers, and consultants engaged in the procurement or sale of retail electricity supply for third parties shall be as follows: (1) for a first violation, the Commission may, in addition or as an alternative to the suspension of a license, impose a fine up to $5,000 per violation; (2) for a second violation within a 5-year period, the Commission may (rather than shall) suspend the license of the person or entity for a period of not less than 6 months and, in addition or as an alternative, impose a fine up to $10,000 per violation; and (3) for a third or subsequent violation within a 5-year period, the Commission may (rather than shall) suspend the license of the disciplined person or entity for a period of not less than 2 years and, in addition or as an alternative, impose a fine up to $20,000 per violation.

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