HB4562

Illinois HB4562 mandates the transition of Large Electing Providers to IP-based networks, requires the return of salvage value from retired.

Illinois HB4562 amends the Public Utilities Act to facilitate the transition of Large Electing Providers to IP-based networks and services. It mandates that these providers begin returning the salvage value of retired traditional circuit switched networks to Illinois residents starting January 1, 2032, and complete this process by January 1, 2038. The bill also details procedures for discontinuing voice telecommunications services, including notice requirements to the Illinois Commerce Commission and affected customers.