Consumer Protection Committee
Filed: 2/28/2007
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1 | AMENDMENT TO HOUSE BILL 814
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2 | AMENDMENT NO. ______. Amend House Bill 814 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Public Utilities Act is amended by adding | ||||||
5 | Section 9-247 as follows: | ||||||
6 | (220 ILCS 5/9-247 new) | ||||||
7 | Sec. 9-247. Submission of diversified power procurement | ||||||
8 | pricing strategy. | ||||||
9 | (a) An electric utility shall, prior to filing a tariff for | ||||||
10 | the approval of electric rates pursuant to an auction, issue | ||||||
11 | requests for proposals seeking bids: | ||||||
12 | (1) to supply base load electricity for more than 3 | ||||||
13 | years but no longer than 30 years; | ||||||
14 | (2) to supply base load electricity for more than one | ||||||
15 | year and up to 3 years; | ||||||
16 | (3) to supply peak load electricity for one year or |
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1 | less; and | ||||||
2 | (4) for the supply of electricity from energy efficient | ||||||
3 | sources including, but not limited to, renewable energy | ||||||
4 | sources. | ||||||
5 | An electric utility shall receive bids for each type of | ||||||
6 | contract from at least 3 sources. These bids shall be submitted | ||||||
7 | by the electric utility as part of any tariff for the approval | ||||||
8 | of electric rates pursuant to an auction. | ||||||
9 | (b) The Commission shall approve rates for electricity that | ||||||
10 | are part of the diversified power procurement pricing strategy | ||||||
11 | provided for in subsection (a) of this Section and that provide | ||||||
12 | the lowest possible cost to consumers for each consumer class.
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13 | Section 99. Effective date. This Act takes effect upon | ||||||
14 | becoming law.".
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