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92_SB2081sam001
LRB9212879JSpcam
1 AMENDMENT TO SENATE BILL 2081
2 AMENDMENT NO. . Amend Senate Bill 2081 on page 1 by
3 replacing lines 7 through 26 with the following:
4 "Sec. 16-111.3. Transition period earnings calculations.
5 At such time as the Board of Governors of the Federal Reserve
6 System ceases to include the monthly average yields of
7 30-year U.S. Treasury bonds in its weekly H.15 Statistical
8 Release or successor publication, the Monthly Treasury
9 Long-Term Average Rates (25 years and above) published by the
10 Board of Governors of the Federal Reserve System in its
11 weekly H.15 Statistical Release or successor publication
12 shall instead be used to establish a rate for the purpose of
13 calculating the Index defined in subsection (e) of Section
14 16-111 of this Act, and at such time, such Monthly Treasury
15 Long-Term Average Rates (25 years and above) shall also be
16 used in place of the monthly average yields of 30-year U.S.
17 Treasury bonds in the rate of return calculation required by
18 subsection (d) of Section 16-111. An electric utility shall
19 also remove the effects, if any, of the application of
20 Statement of Financial Accounting Standards No. 142, which
21 was issued in June 2001, when making the calculations
22 required by this Section or by subsections (d) and (e) of
23 Section 16-111.".