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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB0696 Introduced 1/24/2013, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
| | 220 ILCS 5/9-211 | from Ch. 111 2/3, par. 9-211 |
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Amends the Public Utilities Act. Makes a technical
change in a Section concerning investments in rate base.
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| | A BILL FOR |
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| | SB0696 | | LRB098 07148 JLS 37209 b |
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| 1 | | AN ACT concerning utilities.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Public Utilities Act is amended by changing |
| 5 | | Section 9-211 as follows:
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| 6 | | (220 ILCS 5/9-211) (from Ch. 111 2/3, par. 9-211)
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| 7 | | Sec. 9-211.
The
The Commission, in any determination of |
| 8 | | rates or charges,
shall include in a utility's rate base only |
| 9 | | the value of such investment
which is both prudently incurred |
| 10 | | and used and useful in providing service
to public utility |
| 11 | | customers. |
| 12 | | (Source: P.A. 84-617.)
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