SULLIVAN-MAHAR-WALSH,L-GEO-KARIS. (NOVAK-HASSERT-COWLISHAW-GRANBERG-BRUNSVOLD) 220 ILCS 5/16-111.3 new Amends the Public Utilities Act. Provides that for purposes of calculating the rate index authorized during the deregulation mandatory transition period, an electric utility shall substitute the average yields of 10-year U.S. Treasury Bonds (with specified adjustments) in place of the average yields of 30-year U.S. Treasury Bonds if the Federal Reserve System ceases to include the monthly yields of 30-year Treasury Bonds in its weekly H.15 Statistical Release. Effective immediately. SENATE AMENDMENT NO. 1. Provides that the Monthly Treasury Long-Term Average Rates published in the weekly H.15 Statistical Release, rather than adjusted average yields of 10-year U.S. Treasury Bonds, shall be used to calculate the rate index authorized during the deregulation mandatory transition period. Provides that the Monthly Treasury Long-Term Average Rates shall also be used to determine whether an electric utility may request a rate increase during the mandatory transition period. HOUSE AMENDMENT NO. 1. Adds reference to: 220 ILCS 5/16-102 Amends the Public Utilities Act to extend the mandatory transition period under the Electric Service Customer Choice and Rate Relief Law of 1997 from January 1, 2005 to January 1, 2007. HOUSE AMENDMENT NO. 2. Adds reference to: 220 ILCS 5/16-111 Amends the Public Utilities Act. Provides that, after December 31, 2004, the limitations on rate increases during the mandatory transition period under the Electric Service Customer Choice and Rate Relief Law of 1997 does not apply to certain electric utilities that served between 150,000 and 250,000 retail customers in this State on January 1, 1995. FISCAL NOTE, H-AM 5 (Illinois Commerce Commission) To the extent self-assessing purchasers are currently paying for electricity at the frozen bundled rate of the utility in whose service area they take service, and to the extent House Amendment #5 has the effect of maintaining such rates for an additional 2 years (from 1/1/2005 to 1/1/2007), there should be no material impact on State revenue. HOUSE AMENDMENT NO. 5. Adds reference to: 220 ILCS 5/9-220 from Ch. 111 2/3, par. 9-220 Amends the Public Utilities Act. Extends the period during which certain electric public utilities may not reinstate fuel adjustment clauses. Extends the period during which certain electric utilities may increase rates to coincide with the extended mandatory transition period. Increases the earnings threshold at which an electric utility must make refunds to customers for electric utilities serving fewer than 6,500, or between 75,000 and 150,000, electrical customers in Illinois on January 1, 1995 if the utility commits not to petition for certain transition charges. Provides that the exemption from limits on rate increases for utilities serving between 150,000 and 250,000 customers does not apply if the utility is acquired by another electric utility. Effective immediately. FEB-07-2002 S FIRST READING FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-20-2002 S ASSIGNED TO COMMITTEE ENVIR & ENE FEB-27-2002 S POSTPONED MAR-06-2002 S AMENDMENT NO. 01-ENVIR. & ENE. S MAR-06-2002 S ADOPTED MAR-06-2002 S DO PASS AS AMENDED 007-000-000 SENV MAR-06-2002 S PLACED ON CALENDAR ORDER OF 2ND READING 02-03-07 MAR-07-2002 S SECOND READING MAR-07-2002 S PLACED ON CALENDAR ORDER OF 3RD READING 02-03-20 APR-03-2002 S THIRD READING - PASSED 056-000-000 APR-03-2002 H ARRIVE IN HOUSE APR-03-2002 H HOUSE SPONSOR NOVAK APR-03-2002 H FIRST READING APR-03-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES APR-04-2002 H ASSIGNED TO COMMITTEE ENVRMNT ENRGY APR-11-2002 H ADDED AS A JOINT SPONSOR HASSERT APR-18-2002 H AMENDMENT NO. 01-ENVRMNT ENRGY H APR-18-2002 H ADOPTED APR-18-2002 H AMENDMENT NO. 02-ENVRMNT ENRGY H APR-18-2002 H ADOPTED APR-18-2002 H DO PASS AMENDED/SHORT DEBATE 017-000-000 HENE APR-18-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE APR-24-2002 H AMENDMENT NO. 03-NOVAK APR-24-2002 H AMENDMENT REFERRED TO HRUL APR-24-2002 H CALENDAR ORDER 2ND READING-SHORT DEBATE APR-30-2002 H AMENDMENT NO. 04-NOVAK APR-30-2002 H AMENDMENT REFERRED TO HRUL APR-30-2002 H CALENDAR ORDER 2ND READING-SHORT DEBATE MAY-01-2002 H AMENDMENT NO. 05-NOVAK MAY-01-2002 H AMENDMENT REFERRED TO HRUL MAY-01-2002 H RECOMMENDS BE ADOPTED HRUL/005-000-000 MAY-01-2002 H SECOND READING-SHORT DEBATE MAY-01-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE MAY-02-2002 H FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #05 MAY-02-2002 H ADDED AS A JOINT SPONSOR COWLISHAW MAY-02-2002 H ADDED AS A JOINT SPONSOR GRANBERG MAY-02-2002 H ADDED AS A JOINT SPONSOR BRUNSVOLD MAY-02-2002 H ADDED AS AN ALTERNATE CO-SPONSOR BOLAND MAY-02-2002 H ADDED AS AN ALTERNATE CO-SPONSOR YOUNGE MAY-02-2002 H AMENDMENT NO. 05-NOVAK MAY-02-2002 H ADOPTED MAY-02-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-02-2002 H TABLED PURSUANT TO RULE 40(a) HA'S #03,04 MAY-02-2002 H THIRD READING/SHORT DEBATE/PASSED 112-002-001 MAY-06-2002 S SECRETARYS DESK - CONCURRENCE 01,02,05 MAY-07-2002 S ADDED AS A CHIEF CO-SPONSOR MAHAR MAY-07-2002 S ADDED AS A CHIEF CO-SPONSOR WALSH,L MAY-13-2002 S FILED WITH SECRETARY MAY-13-2002 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01,02,05-SULLIVAN MAY-13-2002 S MOTION REFERRED TO SRUL MAY-22-2002 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01,02,05-SULLIVAN MAY-22-2002 S RULES REFERS TO SENV MAY-23-2002 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01,02,05/SULLIVAN MAY-23-2002 S BE ADOPTED SENV/008-000-002 MAY-29-2002 S ADDED AS A CHIEF CO-SPONSOR GEO-KARIS MAY-29-2002 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01,02,05/SULLIVAN MAY-29-2002 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01,02, MAY-29-2002 S SEN CONCURS IN HSE AMENDMENTS (NO.) 05/058-000-000 MAY-29-2002 S PASSED BOTH HOUSES MAY-31-2002 S SENT TO THE GOVERNOR JUN-06-2002 S GOVERNOR APPROVED JUN-06-2002 S EFFECTIVE DATE 02-06-06 JUN-06-2002 S PUBLIC ACT.............................. 92-0537 END OF INQUIRY Full Text Bill Summary