House Sponsors: NOVAK-PERSICO-SCHAKOWSKY-SAVIANO-FLOWERS, BOLAND AND HOLBROOK. 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 END OF INQUIRY Full Text Bill Status