MUNI CD-UNDERGROUND UTILITIES House SponsorsRep. Fred Crespo 1/13/2021HouseSession Sine Die 65 ILCS 5/Art. 11 Div. 15.5 heading new65 ILCS 5/11-15.5-5 new Amends the Illinois Municipal Code. Defines "underground" and "undergrounding". Provides that public utilities shall underground specified electric transmission lines under certain conditions. Provides that the Illinois Commerce Commission shall allow a public utility to recover from all retail customers in its service territory all reasonable and prudent costs that it incurs related to the undergrounding of such transmission lines. Provides that a public utility shall record and defer such costs as a regulatory asset to be included in the public utility's total rate base and amortized over a reasonable period that is equal to the expected life of such transmission line. Effective immediately. 1/30/2019HouseFiled with the Clerk by Rep. Fred Crespo 2/1/2019HouseFirst Reading 2/1/2019HouseReferred to Rules Committee 2/13/2019HouseAssigned to Public Utilities Committee 2/28/2019HouseTo Utility Rate Regulations Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die