92nd General Assembly
Summary of HB0367
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House Sponsors:
JONES,SHIRLEY-NOVAK.

Short description: 
UTIL GAS ADJUST CLAUSE 10%                                                 

Synopsis of Bill as introduced:
        Amends  the  Public  Utilities  Act.   Limits   increases   under      
   purchased gas adjustment clauses to 10% over the previously applicable      
   purchased gas adjustment clause.  Effective immediately.                    
          FISCAL NOTE (Illinois Commerce Commission)                           
          This legislation would require an increase in the Commission's       
          resources. If the cost of natural gas remains volatile, it is        
          likely the natural gas public utilities would be continually         
          filing rate cases. In times of declining gas costs, it may be        
          necessary for the Commission to initiate rate proceedings to         
          reduce the base rates of natural gas public utilities to en-         
          sure that rates reflect the appropriate level of gas cost.           
          Costs of these proceedings, which cannot be estimated at this        
          time, would be recoverable from the utilities' customers.            
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status