Illinois HB5073 amends the Public Utilities Act to establish procedures for large public utilities acquiring water or sewer utilities, including rate.
HB5073 amends the Public Utilities Act to provide specific procedures for large public utilities acquiring water or sewer utilities. The bill mandates that 20% of the lesser of the purchase price or fair market value of the acquired utility constitutes the rate base. The difference between the rate base and the purchase price or fair market value is borne by the shareholders of the acquiring utility. The bill also requires the large public utility to offer positions to qualified employees of the acquired utility.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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