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90_HB1592
220 ILCS 5/5-102 from Ch. 111 2/3, par. 5-102
Amends the Public Utilities Act. Makes technical changes
in a Section concerning accounting.
LRB9004368JSfg
LRB9004368JSfg
1 AN ACT to amend the Public Utilities Act by changing
2 Section 5-102.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Public Utilities Act is amended by
6 changing Section 5-102 as follows:
7 (220 ILCS 5/5-102) (from Ch. 111 2/3, par. 5-102)
8 Sec. 5-102. Uniform system of accounts. The Commission
9 may shall have power to establish a uniform system of
10 accounts to be kept by public utilities or to classify public
11 utilities and to establish a uniform system of accounts for
12 each class and to prescribe the manner in which such accounts
13 shall be kept. It may also, in its discretion, prescribe the
14 forms of accounts to be kept by public utilities, including
15 records of service, as well as accounts of earnings and
16 expenses, and any other forms, records and memoranda which,
17 in the judgment of the Commission may be necessary to carry
18 out any of the provisions of this Act. The system of
19 accounts established by the Commission and the forms of
20 accounts prescribed by it shall not be inconsistent, in the
21 case of corporations subject to the provisions of the Act of
22 Congress entitled, "An Act to regulate commerce," approved
23 February fourth, eighteen hundred and eighty-seven, and the
24 Acts amendatory thereof and supplementary thereto, with the
25 systems and forms from time to time established for those
26 such corporations by the Interstate Commerce Commission, but
27 nothing herein contained shall affect the power of the
28 Commission to prescribe forms of accounts for those such
29 corporations, with the approval of the Interstate Commerce
30 Commission, covering information in addition to that required
31 by the Interstate Commerce Commission. Where the Commission
-2- LRB9004368JSfg
1 has prescribed the forms of accounts to be kept by any public
2 utility for any of its business, it shall thereafter be
3 unlawful for such public utility to keep any accounts for
4 such business other than those prescribed or approved by the
5 Commission, or those prescribed by or under the authority of
6 any other state or of the United States.
7 The Commission may, from time to time, alter, amend or
8 repeal, in whole or in part, any uniform system of accounts,
9 or the form and manner of keeping accounts.
10 (Source: P.A. 84-617.)