Bill Status of SB 2885   103rd General Assembly

Short Description:  UTILITIES-RECOVERABLE EXPENSES

Senate Sponsors
Sen. Suzy Glowiak Hilton-Sue Rezin, Laura M. Murphy, Mike Porfirio and Laura Fine

Last Action  View All Actions

DateChamber Action
  1/24/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
220 ILCS 5/9-224from Ch. 111 2/3, par. 9-224
220 ILCS 5/9-224.1 new
220 ILCS 5/9-225from Ch. 111 2/3, par. 9-225
220 ILCS 5/9-227from Ch. 111 2/3, par. 9-227
220 ILCS 5/9-229
220 ILCS 5/9-231 new

Synopsis As Introduced
Amends the Public Utilities Act. Provides that the Illinois Commerce Commission shall not consider as an expense of any public utility, for the purpose of determining any rate or charge, any amount expended for contributions or gifts to political candidates, political parties, political or legislative committees, or any committee or organization working to influence referendum petitions or elections or contributions to a trade association, chamber of commerce, or public charity, including, but not limited to, a charity managed by the public utility or affiliated interest. Provides that the Commission shall not consider as an expense of any public utility, for the purpose of determining any rate or charge, any amount expended by the public utility for director and officers liability insurance and fiduciary liability insurance. Provides that in determining whether other types of insurance purchased by the public utility are recoverable, the Commission shall determine whether the insurance is of financial benefit to ratepayers of the public utility or its shareholders. Provides that if the Commission determines the insurance purchased by the public utility is of benefit to its shareholders, then it shall not be a recoverable expense. Provides that, if a gas, electric, water, or sewer utility requests a general rate increase, the Commission shall hold at least one public hearing for the public to provide input on the proposed increase in rates. Provides that the public hearing shall be held in the service area of the public utility that is requesting the general rate increase at a time and location determined by the Commission. Makes changes in provisions definitions; donations made by a public utility for energy assistance; consideration of attorney and expert compensation as an expense; and the Consumer Intervenor Compensation Fund.

Actions 
DateChamber Action
  1/24/2024SenateFiled with Secretary by Sen. Suzy Glowiak Hilton
  1/24/2024SenateFirst Reading
  1/24/2024SenateReferred to Assignments
  2/14/2024SenateAdded as Chief Co-Sponsor Sen. Sue Rezin
  2/16/2024SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  2/21/2024SenateAdded as Co-Sponsor Sen. Mike Porfirio
  2/28/2024SenateAdded as Co-Sponsor Sen. Laura Fine

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