Illinois House Bill 2541

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Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on February 15 2023 - 25% progression
Action: 2023-03-22 - Added Co-Sponsor Rep. Lindsey LaPointe
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Public Utilities Act. Provides that in a ratemaking proceeding, the Illinois Commerce Commission shall not approve for ratemaking purposes either a cost of equity exceeding 8% unless clear and convincing record evidence demonstrates that a higher return on equity is strictly necessary to prevent an imminent and significant threat of negative credit action that would be expected to increase the cost of service for the utility's ratepayers; or a capital structure comprised of more than 50% common equity unless clear and convincing record evidence demonstrates that a higher equity ratio is strictly necessary to prevent an imminent and significant threat of negative credit action that would be expected to increase the cost of service for the utility's ratepayers. Provides that the Commission shall not treat the utility's interest in offsetting the revenue impact of enforcing either of these limitations as justification for approving or adjusting any other proposed revenues. Makes corresponding changes to the Multi-Year Rate Plan.

UTIL-RATEMAKING & PROFIT

Rep. Theresa Mah [D]	Rep. Elizabeth Hernandez [D]	Rep. Dagmara Avelar [D]	Rep. Kambium Buckner [D]
Rep. Lindsey LaPointe [D]

Date	Chamber	Action
2023-03-22	House	Added Co-Sponsor Rep. Lindsey LaPointe
2023-03-10	House	Rule 19(a) / Re-referred to Rules Committee
2023-03-08	House	Added Co-Sponsor Rep. Kam Buckner
2023-03-07	House	To Utilities Subcommittee
2023-03-02	House	Added Co-Sponsor Rep. Dagmara Avelar
2023-02-23	House	Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
2023-02-23	House	Assigned to Public Utilities Committee
2023-02-15	House	Referred to Rules Committee
2023-02-15	House	First Reading
2023-02-15	House	Filed with the Clerk by Rep. Theresa Mah

Chapter	Article	Section	Citation Type	Statute Text
220	5	1-102	Amended Code	Citation Text
220	5	16-108.18	Amended Code	Citation Text
220	5	9-201	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2541&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB2541.htm