House Sponsors: BOLAND. Short description: ICC APPROVE UTILITY MERGER Synopsis of Bill as introduced: Amends the Public Utilities Act. Sets forth criteria that must be met before the Commerce Commission may approve a merger or change in control of a public utility or telecommunications carrier. Requires the Commission to allocate, where it has ratemaking authority, the economic benefits of the merger. Provides that ratepayers shall receive at least 50% of the benefits. FISCAL NOTE (Ill. Commerce Commission) At this time, the exact cost of the additional resources or skills likely to be required cannot be determined. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status