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92_SB1567 LRB9212292JSmb 1 AN ACT concerning public utilities. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Public Utilities Act is amended by 5 changing Section 16-111.1 as follows: 6 (220 ILCS 5/16-111.1) 7 Sec. 16-111.1. Illinois Clean Energy Community Trust. 8 (a) An electric utility thatwhichhas sold or 9 transferred generating facilities in a transaction to which 10 subsection (k) of Section 16-111 applies is authorized to 11 establish an Illinois clean energy community trust or 12 foundation for the purposes of providing financial support 13 and assistance to entities, public or private, within the 14 State of Illinois including, but not limited to, units of 15 State and local government, educational institutions, 16 corporations, and charitable, educational, environmental and 17 community organizations, for programs and projects that 18 benefit the public by improving energy efficiency, developing 19 renewable energy resources, supporting other energy related 20 projects that improve the State's environmental quality, and 21 supporting projects and programs intended to preserve or 22 enhance the natural habitats and wildlife areas of the State. 23 Provided, however, that the trust or foundation funds shall 24 not be used for the remediation of environmentally impaired 25 property. The trust or foundation may also assist in 26 identifying other energy and environmental grant 27 opportunities. 28 (b) Such trust or foundation shall be governed by a 29 declaration of trust or articles of incorporation and bylaws 30 which shall, at a minimum, provide that: 31 (1) There shall be 6 voting trustees of the trust -2- LRB9212292JSmb 1 or foundation, one of whom shall be appointed by the 2 Governor, one of whom shall be appointed by the President 3 of the Illinois Senate, one of whom shall be appointed by 4 the Minority Leader of the Illinois Senate, one of whom 5 shall be appointed by the Speaker of the Illinois House 6 of Representatives, one of whom shall be appointed by the 7 Minority Leader of the Illinois House of Representatives, 8 and one of whom shall be appointed by the electric 9 utility establishing the trust or foundation, provided 10 that the voting trustee appointed by the utility shall be 11 a representative of a recognized environmental action 12 group selected by the utility. The Governor shall 13 designate one of the 6 voting trustees to serve as 14 chairman of the trust or foundation, who shall serve as 15 chairman of the trust or foundation at the pleasure of 16 the Governor. In addition, there shall be 4 non-voting 17 trustees, one of whom shall be appointed by the Director 18 of the Department of Commerce and Community Affairs, one 19 of whom shall be appointed by the Director of the 20 Illinois Environmental Protection Agency, one of whom 21 shall be appointed by the Director of the Department of 22 Natural Resources, and one of whom shall be appointed by 23 the electric utility establishing the trust or 24 foundation, provided that the non-voting trustee 25 appointed by the utility shall bring financial expertise 26 to the trust or foundation and shall have appropriate 27 credentials therefor. 28 (2) All voting trustees and the non-voting trustee 29 with financial expertise shall be entitled to 30 compensation for their services as trustees, provided, 31 however, that no member of the General Assembly and no 32 employee of the electric utility establishing the trust 33 or foundation serving as a voting trustee shall receive 34 any compensation for his or her services as a trustee, -3- LRB9212292JSmb 1 and provided further that the compensation to the 2 chairman of the trust shall not exceed $25,000 annually 3 and the compensation to any other trustee shall not 4 exceed $20,000 annually. All trustees shall be entitled 5 to reimbursement for reasonable expenses incurred on 6 behalf of the trust in the performance of their duties as 7 trustees. All such compensation and reimbursements shall 8 be paid out of the trust. 9 (3) Trustees shall be appointed within 30 days 10 after the creation of the trust or foundation and shall 11 serve for a term of 5 years commencing upon the date of 12 their respective appointments, until their respective 13 successors are appointed and qualified. 14 (4) A vacancy in the office of trustee shall be 15 filled by the person holding the office responsible for 16 appointing the trustee whose death or resignation creates 17 the vacancy, and a trustee appointed to fill a vacancy 18 shall serve the remainder of the term of the trustee 19 whose resignation or death created the vacancy. 20 (5) The trust or foundation shall have an 21 indefinite term, and shall terminate at such time as no 22 trust assets remain. 23 (6) The trust or foundation shall be funded in the 24 minimum amount of $250,000,000, with the allocation and 25 disbursement of funds for the various purposes for which 26 the trust or foundation is established to be determined 27 by the trustees in accordance with the declaration of 28 trust or the articles of incorporation and bylaws; 29 provided, however, that this amount may be reduced by up 30 to $25,000,000 if, at the time the trust or foundation is 31 funded, a corresponding amount is contributed by the 32 electric utility establishing the trust or foundation to 33 the Board of Trustees of Southern Illinois University for 34 the purpose of funding programs or projects related to -4- LRB9212292JSmb 1 clean coal and provided further that $25,000,000 of the 2 amount contributed to the trust or foundation shall be 3 available to fund programs or projects related to clean 4 coal. 5 (7) The trust or foundation shall be authorized to 6 employ an executive director and other employees, to 7 enter into leases, contracts and other obligations on 8 behalf of the trust or foundation, and to incur expenses 9 that the trustees deem necessary or appropriate for the 10 fulfillment of the purposes for which the trust or 11 foundation is established, provided, however, that 12 salaries and administrative expenses incurred on behalf 13 of the trust or foundation shall not exceed $500,000 in 14 the first fiscal year after the trust or foundation is 15 established and shall not exceed $1,000,000 in each 16 subsequent fiscal year. 17 (8) The trustees may create and appoint advisory 18 boards or committees to assist them with the 19 administration of the trust or foundation, and to advise 20 and make recommendations to them regarding the 21 contribution and disbursement of the trust or foundation 22 funds. 23 (c)(1) In addition to the allocation and disbursement of 24 funds for the purposes set forth in subsection (a) of 25 this Section, the trustees of the trust or foundation 26 shall annually contribute funds in amounts set forth in 27 subparagraph (2) of this subsection to the Citizens 28 Utility Board created by the Citizens Utility Board Act; 29 provided, however, that any such funds shall be used 30 solely for the representation of the interests of utility 31 consumers before the Illinois Commerce Commission, the 32 Federal Energy Regulatory Commission, and the Federal 33 Communications Commission and for the provision of 34 consumer education on utility service and prices and on -5- LRB9212292JSmb 1 benefits and methods of energy conservation. Provided, 2 however, that no part of such funds shall be used to 3 support (i) any lobbying activity, (ii) activities 4 related to fundraising, (iii) advertising or other 5 marketing efforts regarding a particular utility, or (iv) 6 solicitation of support for, or advocacy of, a particular 7 position regarding any specific utility or a utility's 8 docketed proceeding. 9 (2) In the calendar year in which the trust or 10 foundation is first funded, the trustees shall contribute 11 $1,000,000 to the Citizens Utility Board within 60 days 12 after such trust or foundation is established; provided, 13 however, that such contribution shall be made after 14 December 31, 1999. In each of the 6 calendar years 15 subsequent to the first contribution, if the trust or 16 foundation is in existence, the trustees shall contribute 17 to the Citizens Utility Board an amount equal to the 18 total expenditures by such organization in the prior 19 calendar year, as set forth in the report filed by the 20 Citizens Utility Board with the chairman of such trust or 21 foundation as required by subparagraph (3) of this 22 subsection. Such subsequent contributions shall be made 23 within 30 days of submission by the Citizens Utility 24 Board of such report to the Chairman of the trust or 25 foundation, but in no event shall any annual contribution 26 by the trustees to the Citizens Utility Board exceed 27 $1,000,000. Following such 7-year period, an Illinois 28 statutory consumer protection agency may petition the 29 trust or foundation for contributions to fund 30 expenditures of the type identified in paragraph (1), but 31 in no event shall annual contributions by the trust or 32 foundation for such expenditures exceed $1,000,000. 33 (3) The Citizens Utility Board shall file a report 34 with the chairman of such trust or foundation for each -6- LRB9212292JSmb 1 year in which it expends any funds received from the 2 trust or foundation setting forth the amount of any 3 expenditures (regardless of the source of funds for such 4 expenditures) for: (i) the representation of the 5 interests of utility consumers before the Illinois 6 Commerce Commission, the Federal Energy Regulatory 7 Commission, and the Federal Communications Commission, 8 and (ii) the provision of consumer education on utility 9 service and prices and on benefits and methods of energy 10 conservation. Such report shall separately state the 11 total amount of expenditures for the purposes or 12 activities identified by items (i) and (ii) of this 13 paragraph, the name and address of the external recipient 14 of any such expenditure, if applicable, and the specific 15 purposes or activities (including internal purposes or 16 activities) for which each expenditure was made. Any 17 report required by this subsection shall be filed with 18 the chairman of such trust or foundation no later than 19 March 31 of the year immediately following the year for 20 which the report is required. 21 (Source: P.A. 91-50, eff. 6-30-99; 91-781, eff. 6-9-00.)