Bill Status of SB3586

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SB3586 - 104th General Assembly

ELECTRIC UTILITY RATE CAPS
Last Action
2/05/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Sue Rezin
Statutes Amended In Order of Appearance
20 ILCS 3855/1-75
220 ILCS 5/16-108.30
Synopsis As Introduced
Amends the Illinois Power Agency Act. In provisions concerning the Planning and Procurement Bureau, provides that the total of renewable energy resources procured shall be reduced for all retail customers based on the amount necessary to limit the annual estimated average net increase due to the costs of these resources included in the amounts paid by eligible retail customers in connection with electric service to no more than 4.25% of the amount paid per kilowatthour by those customers during the year ending May 31, 2009 (removes provisions concerning an inflation adjustment). In provisions concerning the Energy Transition Assistance Fund, provides that the energy transition assistance charge shall not exceed 1.3% (instead of 1.45%) of the amount paid per kilowatthour by eligible retail customers during the year ending May 31, 2009. Removes provisions concerning an adjustment in the energy transition assistance charge for inflation. Effective immediately.
Actions
Date Chamber Action
2/05/2026 Senate Filed with Secretary by Sen. Sue Rezin
2/05/2026 Senate First Reading
2/05/2026 Senate Referred to Assignments