Date	Chamber	Action
3/10/2023	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

220 ILCS 5/1-102

from Ch. 111 2/3, par. 1-102

220 ILCS 5/9-201

from Ch. 111 2/3, par. 9-201

220 ILCS 5/16-108.18

Synopsis As Introduced
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.

Actions 

Date	Chamber	Action
2/15/2023	House	Filed with the Clerk by Rep. Theresa Mah
2/15/2023	House	First Reading
2/15/2023	House	Referred to Rules Committee
2/23/2023	House	Assigned to Public Utilities Committee
2/23/2023	House	Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
3/2/2023	House	Added Co-Sponsor Rep. Dagmara Avelar
3/7/2023	House	To Utilities Subcommittee
3/8/2023	House	Added Co-Sponsor Rep. Kam Buckner
3/10/2023	House	Rule 19(a) / Re-referred to Rules Committee
3/22/2023	House	Added Co-Sponsor Rep. Lindsey LaPointe

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