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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004 HB5066
Introduced 02/05/04, by Steve Davis SYNOPSIS AS INTRODUCED: |
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Amends the Public Utilities Act. Makes a technical change in a Section concerning legislative findings.
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A BILL FOR
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HB5066 |
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LRB093 18108 AMC 43796 b |
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| AN ACT concerning public utilities.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Public Utilities Act is amended by changing |
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| Section 16-101A as follows:
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| (220 ILCS 5/16-101A)
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| Sec. 16-101A. Legislative findings.
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| (a) The citizens and businesses of this
the State of |
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| Illinois
have been well-served by a comprehensive electrical |
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| utility
system which has provided safe, reliable, and |
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| affordable
service. The electrical utility system in the State |
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| of
Illinois has historically been subject to State and federal
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| regulation, aimed at assuring the citizens and businesses of
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| the State of safe, reliable, and affordable service, while at
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| the same time assuring the utility system of a return on its
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| investment.
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| (b) Competitive forces are affecting the market for
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| electricity as a result of recent federal regulatory and
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| statutory changes and the activities of other states.
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| Competition in the electric services market may create
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| opportunities for new products and services for customers and
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| lower costs for users of electricity. Long-standing regulatory
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| relationships need to be altered to accommodate the
competition |
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| that could fundamentally alter the structure of
the electric |
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| services market.
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| (c) With the advent of increasing competition in this
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| industry, the State has a continued interest in assuring that
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| the safety, reliability, and affordability of electrical power
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| is not sacrificed to competitive pressures, and to that end,
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| intends to implement safeguards to assure that the industry
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| continues to operate the electrical system in a manner that
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| will serve the public's interest. Under the existing
regulatory |