Bill Status of SB2238 102nd General Assembly
Short Description: MUNI CD-UNDERGRND UTILITIES
Sen. Laura M. Murphy
|Energy and Public Utilities Hearing Apr 15 2021 10:00AM www.ilga.gov Virtual Room 1 Springfield, IL |
Statutes Amended In Order of Appearance
|65 ILCS 5/Art. 11 Div. 15.5 heading new|
Synopsis As Introduced
Amends the Illinois Municipal Code. Creates the Undergrounding Utility Facilities Division. Defines "underground" and "undergrounding". Provides that public utilities shall underground 138 kilowatt or greater electric transmission lines under certain conditions. Provides that the Illinois Commerce Commission shall allow a public utility to recover from all retail customers in its service territory all reasonable and prudent costs that it incurs related to the undergrounding of a 138 kilowatt or greater electric transmission line. Provides that a public utility shall record and defer costs that it incurs related to the undergrounding of transmission lines as a regulatory asset to be included in the public utility's total rate base and amortized over a reasonable period that is equal to the expected life of such transmission line. Effective immediately.