SB1912 Engrossed

LRB094 08639 MKM 38848 b






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    AN ACT concerning regulation.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Public Utilities Act is amended  by changing 
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Section 16-111.3 as follows:
 



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    (220 ILCS 5/16-111.3)


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    Sec. 16-111.3. Transition period earnings calculations. At 
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such time as
the Board of Governors of the Federal Reserve 
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System ceases to include the
monthly average yields of 30-year 
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U.S. Treasury bonds in its weekly H.15
Statistical Release or 
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successor publication, the Monthly Treasury Long-Term
Average 
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Rates (25 years and above) published by the Board of Governors 
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of the
Federal Reserve System in its weekly H.15 Statistical 
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Release or successor
publication shall instead be used to 
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establish a rate for the purpose of
calculating the Index 
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defined in subsection (e) of Section 16-111 of this Act,
and at 
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such time, such Monthly Treasury Long-Term Average Rates (25 
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years and
above) shall also be used in place of the monthly 
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average yields of 30-year
U.S. Treasury bonds in the rate of 
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return calculation required by subsection
(d) of Section 
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16-111.  At such time as the Board of Governors of the Federal 
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Reserve System includes neither the nominal yields of 30-year 
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U.S. Treasury bonds nor the Treasury Long-Term Average Rate (25 
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years and above) in its weekly H.15 Statistical Release or 
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successor publication, the nominal yields of 20-year U.S. 
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Treasury bonds published by the Board of Governors of the 
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Federal Reserve System in its weekly H.15 Statistical Release 
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or successor publication shall instead be used to establish a 
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rate for the purpose of calculating the Index defined in 
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subsection (e) of Section 16-111 of this Act, and at such time, 
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such yields of 20-year U.S. Treasury bonds shall also be used 
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in place of the yields of 30-year U.S. Treasury bonds in the 
 


 






SB1912 Engrossed
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LRB094 08639 MKM 38848 b




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rate of return calculation required by subsection (d) of 
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Section 16-111. An electric utility shall also remove the 
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effects, if
any, of any impairment due to the application of 
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Statement of Financial
Accounting Standards No. 142,
which was 
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issued in June 2001, when making the calculations required by 
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this
Section or by subsections (d) and (e) of Section 16-111.

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(Source: P.A. 92-537, eff. 6-6-02.)



 

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    Section 99. Effective date. This Act takes effect January 
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1, 2006.