Bill Text: IL SB0696 | 2013-2014 | 98th General Assembly | Introduced
Bill Title: Amends the Public Utilities Act. Makes a technical change in a Section concerning investments in rate base.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2015-01-13 - Session Sine Die [SB0696 Detail]
Download: Illinois-2013-SB0696-Introduced.html
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1 | AN ACT concerning utilities.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Public Utilities Act is amended by changing | |||||||||||||||||||
5 | Section 9-211 as follows:
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6 | (220 ILCS 5/9-211) (from Ch. 111 2/3, par. 9-211)
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7 | Sec. 9-211.
The
The Commission, in any determination of | |||||||||||||||||||
8 | rates or charges,
shall include in a utility's rate base only | |||||||||||||||||||
9 | the value of such investment
which is both prudently incurred | |||||||||||||||||||
10 | and used and useful in providing service
to public utility | |||||||||||||||||||
11 | customers. | |||||||||||||||||||
12 | (Source: P.A. 84-617.)
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