State of Illinois
92nd General Assembly
Legislation

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92_SB1566

 
                                               LRB9212291JScs

 1        AN ACT concerning public utilities.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Public  Utilities  Act  is  amended by
 5    changing Section 16-111.1 as follows:

 6        (220 ILCS 5/16-111.1)
 7        Sec. 16-111.1.  Illinois Clean Energy Community Trust.
 8        (a)  An  electric  utility  that  which   has   sold   or
 9    transferred  generating  facilities in a transaction to which
10    subsection (k) of Section 16-111  applies  is  authorized  to
11    establish   an  Illinois  clean  energy  community  trust  or
12    foundation for the purposes of  providing  financial  support
13    and  assistance  to  entities,  public or private, within the
14    State of Illinois including, but not  limited  to,  units  of
15    State   and   local   government,  educational  institutions,
16    corporations, and charitable, educational, environmental  and
17    community  organizations,  for  programs  and  projects  that
18    benefit the public by improving energy efficiency, developing
19    renewable  energy  resources, supporting other energy related
20    projects that improve the State's environmental quality,  and
21    supporting  projects  and  programs  intended  to preserve or
22    enhance the natural habitats and wildlife areas of the State.
23    Provided, however, that the trust or foundation  funds  shall
24    not  be  used for the remediation of environmentally impaired
25    property.   The  trust  or  foundation  may  also  assist  in
26    identifying   other   energy    and    environmental    grant
27    opportunities.
28        (b)  Such  trust  or  foundation  shall  be governed by a
29    declaration of trust or articles of incorporation and  bylaws
30    which shall, at a minimum, provide that:
31             (1)  There  shall  be 6 voting trustees of the trust
 
                            -2-                LRB9212291JScs
 1        or foundation, one of whom  shall  be  appointed  by  the
 2        Governor, one of whom shall be appointed by the President
 3        of the Illinois Senate, one of whom shall be appointed by
 4        the  Minority  Leader of the Illinois Senate, one of whom
 5        shall be appointed by the Speaker of the  Illinois  House
 6        of Representatives, one of whom shall be appointed by the
 7        Minority Leader of the Illinois House of Representatives,
 8        and  one  of  whom  shall  be  appointed  by the electric
 9        utility establishing the trust  or  foundation,  provided
10        that the voting trustee appointed by the utility shall be
11        a  representative  of  a  recognized environmental action
12        group  selected  by  the  utility.   The  Governor  shall
13        designate one of  the  6  voting  trustees  to  serve  as
14        chairman  of  the trust or foundation, who shall serve as
15        chairman of the trust or foundation at  the  pleasure  of
16        the  Governor.  In  addition, there shall be 4 non-voting
17        trustees, one of whom shall be appointed by the  Director
18        of  the Department of Commerce and Community Affairs, one
19        of whom  shall  be  appointed  by  the  Director  of  the
20        Illinois  Environmental  Protection  Agency,  one of whom
21        shall be appointed by the Director of the  Department  of
22        Natural  Resources, and one of whom shall be appointed by
23        the  electric   utility   establishing   the   trust   or
24        foundation,   provided   that   the   non-voting  trustee
25        appointed by the utility shall bring financial  expertise
26        to  the  trust  or  foundation and shall have appropriate
27        credentials therefor.
28             (2)  All voting trustees and the non-voting  trustee
29        with   financial   expertise   shall   be   entitled   to
30        compensation  for  their  services as trustees, provided,
31        however, that no member of the General  Assembly  and  no
32        employee  of  the electric utility establishing the trust
33        or foundation serving as a voting trustee  shall  receive
34        any  compensation  for  his or her services as a trustee,
 
                            -3-                LRB9212291JScs
 1        and  provided  further  that  the  compensation  to   the
 2        chairman  of  the trust shall not exceed $25,000 annually
 3        and the compensation  to  any  other  trustee  shall  not
 4        exceed  $20,000 annually.  All trustees shall be entitled
 5        to reimbursement  for  reasonable  expenses  incurred  on
 6        behalf of the trust in the performance of their duties as
 7        trustees.  All such compensation and reimbursements shall
 8        be paid out of the trust.
 9             (3)  Trustees  shall  be  appointed  within  30 days
10        after the creation of the trust or foundation  and  shall
11        serve  for  a term of 5 years commencing upon the date of
12        their respective  appointments,  until  their  respective
13        successors are appointed and qualified.
14             (4)  A  vacancy  in  the  office of trustee shall be
15        filled by the person holding the office  responsible  for
16        appointing the trustee whose death or resignation creates
17        the  vacancy,  and  a trustee appointed to fill a vacancy
18        shall serve the remainder of  the  term  of  the  trustee
19        whose resignation or death created the vacancy.
20             (5)  The   trust   or   foundation   shall  have  an
21        indefinite term, and shall terminate at such time  as  no
22        trust assets remain.
23             (6)  The  trust or foundation shall be funded in the
24        minimum amount of $250,000,000, with the  allocation  and
25        disbursement  of funds for the various purposes for which
26        the trust or foundation is established to  be  determined
27        by  the  trustees  in  accordance with the declaration of
28        trust  or  the  articles  of  incorporation  and  bylaws;
29        provided, however, that this amount may be reduced by  up
30        to $25,000,000 if, at the time the trust or foundation is
31        funded,  a  corresponding  amount  is  contributed by the
32        electric utility establishing the trust or foundation  to
33        the Board of Trustees of Southern Illinois University for
34        the  purpose  of  funding programs or projects related to
 
                            -4-                LRB9212291JScs
 1        clean coal and provided further that $25,000,000  of  the
 2        amount  contributed  to  the trust or foundation shall be
 3        available to fund programs or projects related  to  clean
 4        coal.
 5             (7)  The  trust or foundation shall be authorized to
 6        employ an executive  director  and  other  employees,  to
 7        enter  into  leases,  contracts  and other obligations on
 8        behalf of the trust or foundation, and to incur  expenses
 9        that  the  trustees deem necessary or appropriate for the
10        fulfillment of  the  purposes  for  which  the  trust  or
11        foundation   is   established,  provided,  however,  that
12        salaries and administrative expenses incurred  on  behalf
13        of  the  trust or foundation shall not exceed $500,000 in
14        the first fiscal year after the trust  or  foundation  is
15        established  and  shall  not  exceed  $1,000,000  in each
16        subsequent fiscal year.
17             (8)  The trustees may create  and  appoint  advisory
18        boards   or   committees   to   assist   them   with  the
19        administration of the trust or foundation, and to  advise
20        and   make   recommendations   to   them   regarding  the
21        contribution and disbursement of the trust or  foundation
22        funds.
23        (c)(1)  In addition to the allocation and disbursement of
24        funds  for  the  purposes  set forth in subsection (a) of
25        this Section, the trustees of  the  trust  or  foundation
26        shall  annually  contribute funds in amounts set forth in
27        subparagraph (2)  of  this  subsection  to  the  Citizens
28        Utility  Board created by the Citizens Utility Board Act;
29        provided, however, that any  such  funds  shall  be  used
30        solely for the representation of the interests of utility
31        consumers  before  the  Illinois Commerce Commission, the
32        Federal Energy Regulatory  Commission,  and  the  Federal
33        Communications   Commission  and  for  the  provision  of
34        consumer education on utility service and prices  and  on
 
                            -5-                LRB9212291JScs
 1        benefits  and  methods  of energy conservation. Provided,
 2        however, that no part of such  funds  shall  be  used  to
 3        support   (i)  any  lobbying  activity,  (ii)  activities
 4        related  to  fundraising,  (iii)  advertising  or   other
 5        marketing efforts regarding a particular utility, or (iv)
 6        solicitation of support for, or advocacy of, a particular
 7        position  regarding  any  specific utility or a utility's
 8        docketed proceeding.
 9             (2)  In the calendar year  in  which  the  trust  or
10        foundation is first funded, the trustees shall contribute
11        $1,000,000  to  the Citizens Utility Board within 60 days
12        after such trust or foundation is established;  provided,
13        however,  that  such  contribution  shall  be  made after
14        December 31, 1999.  In  each  of  the  6  calendar  years
15        subsequent  to  the  first  contribution, if the trust or
16        foundation is in existence, the trustees shall contribute
17        to the Citizens Utility Board  an  amount  equal  to  the
18        total  expenditures  by  such  organization  in the prior
19        calendar year, as set forth in the report  filed  by  the
20        Citizens Utility Board with the chairman of such trust or
21        foundation  as  required  by  subparagraph  (3)  of  this
22        subsection.   Such subsequent contributions shall be made
23        within 30 days of  submission  by  the  Citizens  Utility
24        Board  of  such  report  to  the Chairman of the trust or
25        foundation, but in no event shall any annual contribution
26        by the trustees to  the  Citizens  Utility  Board  exceed
27        $1,000,000.   Following  such  7-year period, an Illinois
28        statutory consumer protection  agency  may  petition  the
29        trust   or   foundation   for   contributions   to   fund
30        expenditures of the type identified in paragraph (1), but
31        in  no  event  shall annual contributions by the trust or
32        foundation for such expenditures exceed $1,000,000.
33             (3)  The Citizens Utility Board shall file a  report
34        with  the  chairman  of such trust or foundation for each
 
                            -6-                LRB9212291JScs
 1        year in which it expends  any  funds  received  from  the
 2        trust  or  foundation  setting  forth  the  amount of any
 3        expenditures (regardless of the source of funds for  such
 4        expenditures)   for:   (i)   the  representation  of  the
 5        interests  of  utility  consumers  before  the   Illinois
 6        Commerce   Commission,   the  Federal  Energy  Regulatory
 7        Commission, and the  Federal  Communications  Commission,
 8        and  (ii)  the provision of consumer education on utility
 9        service and prices and on benefits and methods of  energy
10        conservation.    Such  report  shall separately state the
11        total  amount  of  expenditures  for  the   purposes   or
12        activities  identified  by  items  (i)  and  (ii) of this
13        paragraph, the name and address of the external recipient
14        of any such expenditure, if applicable, and the  specific
15        purposes  or  activities  (including internal purposes or
16        activities) for which each  expenditure  was  made.   Any
17        report  required  by  this subsection shall be filed with
18        the chairman of such trust or foundation  no  later  than
19        March  31  of the year immediately following the year for
20        which the report is required.
21    (Source: P.A. 91-50, eff. 6-30-99; 91-781, eff. 6-9-00.)

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