90th General Assembly
Summary of HB0286
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House Sponsors:

Short description: 
DEREGULATE ELECTRICITY SALES                                               

Synopsis of Bill as introduced:
        Amends the Public Utilities Act.  Provides that beginning January      
   1, 1998, a consumer may purchase electricity from any  electric  power      
   supplier.    Provides  that  the  production  of  electricity  is  not      
   considered to be a business  of  a  public  utility.   Allows  a  host      
   utility to impose a lost margin charge to alleviate critical financial      
   distress.   Provides  that  the  host  utility  has an ongoing duty to      
   provide bundled service to residential and small commercial  customers      
   and  that  the rates for those customers shall be capped until January      
   1,  2003.   Provides  that   the   Commission   shall   consider   the      
   establishment  of  a  universal service fund to ensure that low-income      
   customers have access to affordable energy.  Requires  the  Commission      
   to  report its findings and recommendations to the General Assembly by      
   January 1, 1999. Creates the Electric Revenue Use Tax Act.  Imposes  a      
   tax on the privilege of using electricity.  The tax is to be the lower      
   of  .32 cents per kilowatt hour or 5% of the purchase price.  Provides      
   for administration by the Department of Revenue.   Amends the Illinois      
   Municipal Code to authorize municipalities to impose a  tax  upon  the      
   privilege  of  using  electricity  at  a  rate not to exceed 5% of the      
   purchase  price.  Effective  January  1,  1998  except  that   certain      
   provisions take effect upon becoming law.                                   
          FISCAL NOTE (Dept. of Revenue)                                       
          Public utility tax receipts could decrease by an estimated           
          $50 million. Local gov'ts. will also realize an estimated            
          $75 million reduction in invested capital tax receipts.              
          FISCAL NOTE (Commerce Commission, Ill.)                              
          Fiscal impact on Commission operations is unknown at this time.      
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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