90th General Assembly
Summary of HB0676
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House Sponsors:

Short description: 
ELECTRIC UTILITY COMPETITION                                               

Synopsis of Bill as introduced:
        Amends  the  Public  Utilities  Act.   Creates  the   Competitive      
   Electric  Generation  Law.  Establishes the parameters for competition      
   in the production and sale  of  electricity.   Requires  utilities  to      
   restructure  to  separate  generation  operations  from  other company      
   operations.  Requires utilities to provide wholesale  electricity  and      
   energy  efficiency  programs.   Creates  a  Universal  Service Fund to      
   provide service to low-income customers.   Provides  for  recovery  of      
   certain  uneconomic  costs by utilities.  Authorizes the Commission to      
   regulate power marketers.  Creates a Ratepayer Equity Fund into  which      
   utilities must pay company stock in the amount of the uneconomic costs      
   recovered.   Requires  the  State  Treasurer  to  manage  the  Fund to      
   maximize returns to ratepayers.  Effective June 1, 1997.                    
          FISCAL NOTE (Commerce Commission, Ill.)                              
          Fiscal impact on Commission operations is unknown at this time.      
          HOUSING AFFORDABILITY IMPACT NOTE                                    
          There would be no constructing, purchasing or selling a              
          single-family residence.                                             
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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