(65 ILCS 5/11-117-1) (from Ch. 24, par. 11-117-1)
Sec. 11-117-1.
Subject to the provisions of this Division 117, any
municipality may (1) acquire, construct, own and operate within the
corporate limits of the municipality any public utility the product or
service of which, or a major portion thereof, is or is to be supplied to
the municipality or its inhabitants and may contract for, purchase and sell
the product or service of any such utility; provided, however, that any
municipality may acquire, construct, own and operate without the corporate
limits of any municipality any public utility for the transportation of
persons; (2) acquire, construct, own, maintain and operate without the
corporate limits of any municipality any electric power lines or
substations necessary solely to provide power or a source of power for such
municipality, and, when it is found necessary and in the public interest by
the Illinois Commerce Commission, to acquire by eminent domain any property
without the corporate limits of any municipality for such purposes, but no
new customer which an electric supplier is entitled to serve under the
Electric Supplier Act may be served from any line, lines or other
facilities located without the corporate limits of a municipality unless
waiver to serve such a customer is given in writing by the electric
supplier; (3) lease any public utility owned by the municipality to any
corporation organized under the laws of this state for the purpose of
operating that public utility, for a period not longer than 20 years; (4)
fix the rates and charges for the product sold and the services rendered by
any such public utility; and (5) make all needful rules and regulations in
relation thereto.
However, no municipality shall acquire or operate a public utility for
or in connection with the transportation of persons under the provisions of
this Division 117 if there is operating in such municipality any other
publicly or privately owned public utility that provides such a service;
and no municipality located within or partly within a county having 400,000
or more inhabitants may acquire by eminent domain any land or right of way
for any electrical power line or substation outside of its corporate
limits.
(Source: P.A. 77-2465.)
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