HB2533 regulates the acquisition of water or sewer utilities by large public utilities in Illinois.
HB2533 amends the Public Utilities Act to establish procedures for large public utilities acquiring water or sewer utilities. The bill mandates a public meeting and notice to customers before an acquisition. It requires a referendum on the acquisition, where a majority vote in favor allows the acquisition to proceed. The bill outlines rate-setting procedures, including the use of appraisals and the consideration of customer usage and income. It also mandates project labor agreements for new construction and offers positions to employees of the acquired utility.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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