Bill Status of HB4116 95th General Assembly
Short Description: UTILITIES-POWER PROCUREMENT
Rep. Carolyn H. Krause
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Electric Service Customer Choice and Rate Relief Law of 1997 in the Public Utilities Act. Creates an electric procurement process that shall be administered by an independent Procurement Administrator and overseen by an independent Procurement Monitor. Provides that a utility shall obtain an independent Procurement Administrator that shall design and administer the request-for-proposal procurement process that shall be approved by the Illinois Commerce Commission. Specifies the duties of the Procurement Administrator and Procurement Monitor. Provides that the fees of the Procurement Administrator and Procurement Monitor shall be paid through fees assessed to the bidders. Specifies the procedures of the request-for-proposal procurement process. Provides that the Procurement Administrator and Procurement Monitor shall establish a price benchmark according to specified criteria. Contains provisions concerning the required reports from the Procurement Administrator and Procurement Monitor to the Commission. Contains the procedures for the Commission to approve or disapprove the reports submitted to it by the Procurement Administrator and Procurement Monitor. Provides that within 5 business days after the Commission's decision to approve the results of a procurement event, the utility shall enter into binding contractual arrangements with the winning suppliers using the standard form contracts. Provides that a utility shall file its proposed tariffs with the Commission through which its costs of procuring power for the applicable customer classes that are incurred pursuant to a Commission-approved procurement event will be recovered. Provides that if the prices of the request-for-proposal procurement process results in an increase in electric rates of more than 10%, then the utilities shall be required to give written notification to the public at least 60 days prior to the increase taking effect. Effective immediately.