(220 ILCS 5/8-407) (from Ch. 111 2/3, par. 8-407)
Sec. 8-407.
(a) The Commission, after granting any certificate of
public convenience and necessity for the construction of a new electric
generating facility, shall reevaluate the propriety and necessity for the
certificate at least every 3 years and shall consider in the reevaluation
any and all changes in the forecasts and circumstances relied upon in its
initial decision to grant the certificate, including but not limited to, each
criterion that is outlined in this Section as a precondition for the granting
of a certificate and any changes in the energy plans for the utility and the
State.
(b) Whenever the Commission grants any certificate of public convenience
and necessity for the construction of a new electric generating facility,
the Commission shall design and establish all procedures necessary for it to
thoroughly and effectively evaluate, supervise, and monitor construction, and
shall thereafter take all steps necessary to assure that construction is
efficient and economical.
The Commission shall have the power to conduct a construction cost audit
at any time during construction, or to arrange for such an audit to be
conducted by persons independent of the utility and selected by the
Commission, whenever the Commission has cause to believe that such audit is
necessary, or likely to be beneficial, to the efficiency or economy of
construction. The cost of such an independent audit shall be borne
initially by the utility, but shall be recovered as an expense through
normal ratemaking procedures pursuant to this Act.
(c) The Commission shall have the power to withdraw or alter any
certificate of public convenience and necessity including any certificate
granted for the construction of a new electric generating facility or a
substantial alteration or addition to an existing generating facility where it
determines that:
(i) circumstances have changed so substantially that |