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Bill > HB3038


IL HB3038

UTILITY-UNCOLLECT RECEIVABLES


summary

Introduced
02/09/2017
In Committee
03/31/2017
Crossed Over
Passed
Dead
01/08/2019

Introduced Session

100th General Assembly

Bill Summary

Amends the Public Utilities Act. Provides that an electric utility with more than 100,000 customers shall not purchase any receivable priced at a higher price than is obtained for consumers through the power procurement process provided under specified provisions of the Act. Provides that only those amounts equal to and less than the price obtained for consumers in the Illinois Power Agency procurement process shall be purchased by an electric utility with more than 100,000 customers and that any costs to the utility associated with this requirement shall be recovered from participating alternative retail electric suppliers. Makes conforming changes. Effective immediately.

AI Summary

This bill amends the Public Utilities Act to limit the price at which electric utilities with more than 100,000 customers can purchase receivables from alternative retail electric suppliers or other utilities. Specifically, the electric utility can only purchase receivables at a price equal to or less than the price obtained for consumers through the Illinois Power Agency procurement process. Any costs associated with this requirement must be recovered from the participating alternative retail electric suppliers. The bill also allows the electric utility to recover any uncollectible receivables from retail customers, but the uncollectible amount cannot exceed the price obtained through the Illinois Power Agency procurement process. The bill takes effect immediately.

Committee Categories

Transportation and Infrastructure

Sponsors (21)

Last Action

Session Sine Die (on 01/08/2019)

bill text


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