HB5348 96TH GENERAL ASSEMBLY

LRB096 16741 MJR 32034 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5348

Introduced 2/5/2010, by Rep. Linda Chapa LaVia

SYNOPSIS AS INTRODUCED:

220 ILCS 5/9-246 new

Amends the Public Utilities Act. Provides that a public utility may amortize the cost of installing, replacing, modifying, or maintaining its facilities across all customers in the State if the installation, removal, replacement, modification, or maintenance meets specified requirements. Effective immediately.

A BILL FOR

AN ACT concerning utilities.

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

Section 5. The Public Utilities Act is amended by adding Section 9-246 as follows:

(220 ILCS 5/9-246 new)

Sec. 9-246. Amortization over all customers; facilities. A public utility may amortize the cost of installing, replacing, modifying, or maintaining its facilities across all customers in the State if the installation, removal, replacement, modification, or maintenance meets all of the following requirements:

(1) the public utility's facility is located in an area designated for economic redevelopment by a unit of local government;

(2) the public utility's facility is located in an area subject to tax increment financing;

(3) the public utility's facility is in an area that qualifies as a transit-oriented development; and

(4) the public utility's facility is located in an area that can be redeveloped in a manner that combats urban sprawl.

Section 99. Effective date. This Act takes effect upon becoming law.