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90_HB1797
220 ILCS 5/5-102 from Ch. 111 2/3, par. 5-102
Amends the Public Utilities Act. Makes a technical
change in a Section concerning accounting.
LRB9004187JSfg
LRB9004187JSfg
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. The Commission shall have power to establish
9 a uniform system of accounts to be kept by public utilities
10 or to classify public utilities and to establish a uniform
11 system of accounts for each class and to prescribe the manner
12 in which such accounts shall be kept. It may also, in its
13 discretion, prescribe the forms of accounts to be kept by
14 public utilities, including records of service, as well as
15 accounts of earnings and expenses, and any other forms,
16 records and memoranda which in the judgment of the Commission
17 may be necessary to carry out any of the provisions of this
18 Act. The system of accounts established by the Commission
19 and the forms of accounts prescribed by it shall not be
20 inconsistent, in the case of corporations subject to the
21 provisions of the Act of Congress entitled, "An Act to
22 regulate commerce," approved February fourth, eighteen
23 hundred and eighty-seven, and the Acts amendatory thereof and
24 supplementary thereto, with the systems and forms from time
25 to time established for such corporations by the Interstate
26 Commerce Commission, but nothing herein contained shall
27 affect the power of the Commission to prescribe forms of
28 accounts for those such corporations, with the approval of
29 the Interstate Commerce Commission, covering information in
30 addition to that required by the Interstate Commerce
31 Commission. Where the Commission has prescribed the forms of
-2- LRB9004187JSfg
1 accounts to be kept by any public utility for any of its
2 business, it shall thereafter be unlawful for such public
3 utility to keep any accounts for such business other than
4 those prescribed or approved by the Commission, or those
5 prescribed by or under the authority of any other state or of
6 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.)