Synopsis As Introduced Amends the Electric Service Customer Choice and Rate Relief Law of 1997 in the Public Utilities Act. Provides that beginning on the effective date of the provision, residential and small commercial customers shall be provided Standard Electric Service, which shall consist of the regulated delivery service and an electricity supply service priced according to the policies adopted by the Act. Provides that any residential retail customer or small commercial retail customer that is not otherwise being served by an alternative retail electric supplier shall be automatically provided with standard electric service, and provides that a residential retail customer or small commercial retail customer served by a competitive electricity supplier shall have the option to select standard electric service at any time. Sets forth terms and conditions for standard electric service. Provides that the Illinois Commerce Commission shall require each electric utility to submit a procurement plan that reflects a minimum 10-year planning and acquisition period that requires the utility to acquire and manage a diverse portfolio of resources and products that comply with certain requirements. Effective immediately.
House Committee Amendment No. 1 Replaces everything after the enacting clause with the introduced bill with the following changes: Replaces references to "competitive electric supplier" with "alternative retail electric supplier". Defines "small commercial customer". Effective immediately.