Illinois General Assembly - Bill Status for SB2583

Amends the Public Utilities Act. Repeals provisions requiring the Illinois Commerce Commission: (i) to collect information relating to the acquisition or sale of emission allowances under federal law from each public utility and each affiliated interest of a public utility owning an electric generating station; and (ii) to adopt rules concerning the policies and procedures to be utilized in evaluating and deciding any requests for the recovery and allocation of reasonable and prudent costs incurred in the construction of generation or production facilities that have been cancelled. Deletes a provision prohibiting the Commission from requiring or implementing any system or means for the dispatch or brokering of power from a central location unless and until such action is recommended, after notice and a hearing, by a majority of the entire Commission and expressly authorized by the General Assembly upon consideration of the Commission's recommendation. Effective immediately.

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