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90_HB1831
220 ILCS 5/5-102 from Ch. 111 2/3, par. 5-102
Amends the Public Utilities Act. Makes a technical
change in a Section concerning accounting.
LRB9004550JSfg
LRB9004550JSfg
1 AN ACT to amend the Public Utilities Act by changing
2 Section 5-102.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Public Utilities Act is amended by
6 changing Section 5-102 as follows:
7 (220 ILCS 5/5-102) (from Ch. 111 2/3, par. 5-102)
8 Sec. 5-102. The Commission may shall have power to
9 establish a uniform system of accounts to be kept by public
10 utilities or to classify public utilities and to establish a
11 uniform system of accounts for each class and to prescribe
12 the manner in which such accounts shall be kept. It may
13 also, in its discretion, prescribe the forms of accounts to
14 be kept by public utilities, including records of service, as
15 well as accounts of earnings and expenses, and any other
16 forms, records and memoranda which in the judgment of the
17 Commission may be necessary to carry out any of the
18 provisions of this Act. The system of accounts established
19 by the Commission and the forms of accounts prescribed by it
20 shall not be inconsistent, in the case of corporations
21 subject to the provisions of the Act of Congress entitled,
22 "An Act to regulate commerce," approved February 4, 1887
23 fourth, eighteen hundred and eighty-seven, and the Acts
24 amendatory thereof and supplementary thereto, with the
25 systems and forms from time to time established for such
26 corporations by the Interstate Commerce Commission, but
27 nothing herein contained shall affect the power of the
28 Commission to prescribe forms of accounts for such
29 corporations, with the approval of the Interstate Commerce
30 Commission, covering information in addition to that required
31 by the Interstate Commerce Commission. Where the Commission
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1 has prescribed the forms of accounts to be kept by any public
2 utility for any of its business, it shall thereafter be
3 unlawful for such public utility to keep any accounts for
4 such business other than those prescribed or approved by the
5 Commission, or those prescribed by or under the authority of
6 any other state or of the United States.
7 The Commission may, from time to time, alter, amend or
8 repeal, in whole or in part, any uniform system of accounts,
9 or the form and manner of keeping accounts.
10 (Source: P.A. 84-617.)