NOVAK-PERSICO-SCHAKOWSKY-SAVIANO-FLOWERS, BOLAND AND HOLBROOK.
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
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status