SB0075

SB0075 regulates the acquisition of water or sewer utilities by large public utilities in Illinois, including rate base establishment and referendum.

SB0075 amends the Public Utilities Act to detail procedures for large public utilities acquiring water or sewer utilities. If a majority of electors in the service area vote in favor of the acquisition, the transaction can proceed. The bill mandates that 20% of the lesser of the purchase price or fair market value constitutes the rate base for the acquired utility. The Illinois Commerce Commission must establish the rate base, district or tariff group, and rates for the acquired utility. The acquiring utility may recommend a lesser rate, which the Commission must consider.