State of Illinois
90th General Assembly

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      220 ILCS 5/5-102          from Ch. 111 2/3, par. 5-102
          Amends the  Public  Utilities  Act.   Makes  a  technical
      change in a Section concerning accounting.
 1        AN  ACT  to  amend  the  Public Utilities Act by changing
 2    Section 5-102.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section   5.   The  Public  Utilities  Act  is amended by
 6    changing Section 5-102 as follows:
 7        (220 ILCS 5/5-102) (from Ch. 111 2/3, par. 5-102)
 8        Sec. 5-102.  The  Commission  may  shall  have  power  to
 9    establish  a  uniform system of accounts to be kept by public
10    utilities or to classify public utilities and to establish  a
11    uniform  system  of  accounts for each class and to prescribe
12    the manner in which such accounts  shall  be  kept.   It  may
13    also,  in  its discretion, prescribe the forms of accounts to
14    be kept by public utilities, including records of service, as
15    well as accounts of earnings  and  expenses,  and  any  other
16    forms,  records  and  memoranda  which in the judgment of the
17    Commission  may  be  necessary  to  carry  out  any  of   the
18    provisions  of  this Act.  The system of accounts established
19    by the Commission and the forms of accounts prescribed by  it
20    shall  not  be  inconsistent,  in  the  case  of corporations
21    subject to the provisions of the Act  of  Congress  entitled,
22    "An  Act  to  regulate  commerce,"  approved February 4, 1887
23    fourth, eighteen  hundred  and  eighty-seven,  and  the  Acts
24    amendatory   thereof  and  supplementary  thereto,  with  the
25    systems and forms from time  to  time  established  for  such
26    corporations  by  the  Interstate  Commerce  Commission,  but
27    nothing  herein  contained  shall  affect  the  power  of the
28    Commission  to  prescribe  forms   of   accounts   for   such
29    corporations,  with  the  approval of the Interstate Commerce
30    Commission, covering information in addition to that required
31    by the Interstate Commerce Commission.  Where the  Commission
                            -2-                LRB9004550JSfg
 1    has prescribed the forms of accounts to be kept by any public
 2    utility  for  any  of  its  business,  it shall thereafter be
 3    unlawful for such public utility to  keep  any  accounts  for
 4    such  business other than those prescribed or approved by the
 5    Commission, or those prescribed by or under the authority  of
 6    any other state or of the United States.
 7        The  Commission  may,  from time to time, alter, amend or
 8    repeal, in whole or in part, any uniform system of  accounts,
 9    or the form and manner of keeping accounts.
10    (Source: P.A. 84-617.)

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