HB0814ham001 95TH GENERAL ASSEMBLY

Consumer Protection Committee

Filed: 2/28/2007

09500HB0814ham001 LRB095 08560 MJR 31675 a

AMENDMENT TO HOUSE BILL 814

AMENDMENT NO. ______. Amend House Bill 814 by replacing everything after the enacting clause with the following:

"Section 5. The Public Utilities Act is amended by adding Section 9-247 as follows:

(220 ILCS 5/9-247 new)

Sec. 9-247. Submission of diversified power procurement pricing strategy.

(a) An electric utility shall, prior to filing a tariff for the approval of electric rates pursuant to an auction, issue requests for proposals seeking bids:

(1) to supply base load electricity for more than 3 years but no longer than 30 years;

(2) to supply base load electricity for more than one year and up to 3 years;

(3) to supply peak load electricity for one year or less; and

(4) for the supply of electricity from energy efficient sources including, but not limited to, renewable energy sources.

An electric utility shall receive bids for each type of contract from at least 3 sources. These bids shall be submitted by the electric utility as part of any tariff for the approval of electric rates pursuant to an auction.

(b) The Commission shall approve rates for electricity that are part of the diversified power procurement pricing strategy provided for in subsection (a) of this Section and that provide the lowest possible cost to consumers for each consumer class.

Section 99. Effective date. This Act takes effect upon becoming law.".