Vote Smart's Synopsis:

Vote to override a veto of a bill that increases utility rates, effective immediately.

Highlights:

• Requires “the average amount paid per kilowatthour” to be calculated based on the tariffed rates of a “participating utility” that are actually in effect and not based on hypothetical rates or adjustments to actual charges (Sec. 5).

• Defines “participating utility” as an electric utility that serves more than 1 million customers in Illinois and that voluntarily elects to undertake the infrastructure investment program and customer assistance program (Sec. 5).

• Requires each participating utility to file any tariff changes necessary to implement the provisions of this bill no earlier than 5 business days after the effective date of this bill (Sec. 5).

• Authorizes each participating utility to file a tariff for the retroactive recovery of previously unrecovered actual costs of delivery service with interest at the utility’s weighted average cost of capital during the period in which those costs were unrecovered (Sec. 5).

• Requires the Illinois Commerce Commission to approve the tariff changes made by a utility within 21 days of the file date of the tariff change (Sec. 5).

• Specifies that a participating utility is deemed to be in full compliance with the provisions of this bill and prohibits a penalty or adverse action to be taken against the utility prior to the effective date of this bill (Sec. 5).

• Requires each participating utility to be permitted, without penalty, a period of 12 months after the effective date of this bill to ensure that the utility’s infrastructure investment program is in compliance with the provisions of this bill (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to override a veto of a bill that increases utility rates, effective immediately.

Highlights:

• Requires “the average amount paid per kilowatthour” to be calculated based on the tariffed rates of a “participating utility” that are actually in effect and not based on hypothetical rates or adjustments to actual charges (Sec. 5).

• Defines “participating utility” as an electric utility that serves more than 1 million customers in Illinois and that voluntarily elects to undertake the infrastructure investment program and customer assistance program (Sec. 5).

• Requires each participating utility to file any tariff changes necessary to implement the provisions of this bill no earlier than 5 business days after the effective date of this bill (Sec. 5).

• Authorizes each participating utility to file a tariff for the retroactive recovery of previously unrecovered actual costs of delivery service with interest at the utility’s weighted average cost of capital during the period in which those costs were unrecovered (Sec. 5).

• Requires the Illinois Commerce Commission to approve the tariff changes made by a utility within 21 days of the file date of the tariff change (Sec. 5).

• Specifies that a participating utility is deemed to be in full compliance with the provisions of this bill and prohibits a penalty or adverse action to be taken against the utility prior to the effective date of this bill (Sec. 5).

• Requires each participating utility to be permitted, without penalty, a period of 12 months after the effective date of this bill to ensure that the utility’s infrastructure investment program is in compliance with the provisions of this bill (Sec. 5).

Full Bill Text

Vetoed by Governor Pat Quinn

Vote Smart's Synopsis:

Vote to pass a bill that authorizes increases in utility rates, effective immediately.

Highlights:

• Requires “the average amount paid per kilowatthour” to be calculated based on the tariffed rates of a “participating utility” that are actually in effect and not based on hypothetical rates or adjustments to actual charges (Sec. 5).

• Defines “participating utility” as an electric utility that serves more than 1 million customers in Illinois and that voluntarily elects to undertake the infrastructure investment program and customer assistance program (Sec. 5).

• Requires each participating utility to file any tariff changes necessary to implement the provisions of this bill no earlier than 5 business days after the effective date of this bill (Sec. 5).

• Authorizes each participating utility to file a tariff for the retroactive recovery of previously unrecovered actual costs of delivery service with interest at the utility’s weighted average cost of capital during the period in which those costs were unrecovered (Sec. 5).

• Requires the Illinois Commerce Commission to approve the tariff changes made by a utility within 21 days of the file date of the tariff change (Sec. 5).

• Specifies that a participating utility is deemed to be in full compliance with the provisions of this bill and prohibits a penalty or adverse action to be taken against the utility prior to the effective date of this bill (Sec. 5).

• Requires each participating utility to be permitted, without penalty, a period of 12 months after the effective date of this bill to ensure that the utility’s infrastructure investment program is in compliance with the provisions of this bill (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that authorizes increases in utility rates, effective immediately.

Highlights:

• Requires “the average amount paid per kilowatthour” to be calculated based on the tariffed rates of a “participating utility” that are actually in effect and not based on hypothetical rates or adjustments to actual charges (Sec. 5).

• Defines “participating utility” as an electric utility that serves more than 1 million customers in Illinois and that voluntarily elects to undertake the infrastructure investment program and customer assistance program (Sec. 5).

• Requires each participating utility to file any tariff changes necessary to implement the provisions of this bill no earlier than 5 business days after the effective date of this bill (Sec. 5).

• Authorizes each participating utility to file a tariff for the retroactive recovery of previously unrecovered actual costs of delivery service with interest at the utility’s weighted average cost of capital during the period in which those costs were unrecovered (Sec. 5).

• Requires the Illinois Commerce Commission to approve the tariff changes made by a utility within 21 days of the file date of the tariff change (Sec. 5).

• Specifies that a participating utility is deemed to be in full compliance with the provisions of this bill and prohibits a penalty or adverse action to be taken against the utility prior to the effective date of this bill (Sec. 5).

• Requires each participating utility to be permitted, without penalty, a period of 12 months after the effective date of this bill to ensure that the utility’s infrastructure investment program is in compliance with the provisions of this bill (Sec. 5).

Full Bill Text