Bill Text: IL HB5348 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Public Utilities Act. Provides that a public utility may amortize the cost of installing, replacing, modifying, or maintaining its facilities across all customers in the State if the installation, removal, replacement, modification, or maintenance meets specified requirements. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-02-05 - Referred to Rules Committee [HB5348 Detail]

Download: Illinois-2009-HB5348-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB5348 Introduced 2/5/2010, by Rep. Linda Chapa LaVia SYNOPSIS AS INTRODUCED:
220 ILCS 5/9-246 new
Amends the Public Utilities Act. Provides that a public utility may amortize the cost of installing, replacing, modifying, or maintaining its facilities across all customers in the State if the installation, removal, replacement, modification, or maintenance meets specified requirements. Effective immediately.
LRB096 16741 MJR 32034 b
A BILL FOR
HB5348 LRB096 16741 MJR 32034 b
AN ACT concerning utilities.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Public Utilities Act is amended by adding
Section 9-246 as follows:
(220 ILCS 5/9-246 new)
Sec. 9-246. Amortization over all customers; facilities. A
public utility may amortize the cost of installing, replacing,
modifying, or maintaining its facilities across all customers
in the State if the installation, removal, replacement,
modification, or maintenance meets all of the following
requirements:
(1) the public utility's facility is located in an area
designated for economic redevelopment by a unit of local
government;
(2) the public utility's facility is located in an area
subject to tax increment financing;
(3) the public utility's facility is in an area that
qualifies as a transit-oriented development; and
(4) the public utility's facility is located in an area
that can be redeveloped in a manner that combats urban
sprawl.

HB5348 - 2 - LRB096 16741 MJR 32034 b
Section 99. Effective date. This Act takes effect upon
becoming law.