UTILITIES-WATER ACQUISITION House SponsorsRep. Nabeela Syed, Diane Blair-Sherlock, Joyce Mason and Abdelnasser Rashid 1/7/2025HouseSession Sine Die 220 ILCS 5/9-210.5220 ILCS 5/9-220.2 Amends the Public Utilities Act. Provides that 20% of the lesser of (rather than the lesser of): (i) the purchase price or (ii) the fair market value shall constitute the rate base associated with the water or sewer utility as acquired by and incorporated into the rate base of the district designated by the acquiring large public utility, subject to any adjustments that the Illinois Commerce Commission deems necessary to ensure such rate base reflects prudent and useful investments in the provision of public utility service. Provides that the difference between the rate base and the purchase price or fair market value shall be borne by the shareholders of the acquiring large public utility. In provisions concerning the acquisition of a water or sewer utility, provides that, at the next election following the public meeting and notice requirements, a referendum shall be placed on the ballot for all electors within the area the water or sewer utility operates. Provides that, if a majority of the electors voting on the referendum within the service area of the water or sewer utility vote in favor of the referendum, then the acquisition may continue. Provides that, if less than a majority of the electors voting on the referendum within the service area of the water or sewer utility vote in favor of the referendum, the Commission shall not approve the large public utility's acquisition of the water or sewer utility. Removes a provision that provides that the Commission may authorize a water or sewer utility to file a surcharge which adjusts rates and charges to provide for recovery of costs associated with an investment in qualifying infrastructure plant, independent of any other matters related to the utility's revenue requirement. Makes other changes. 2/8/2024HouseFiled with the Clerk by Rep. Nabeela Syed 2/9/2024HouseFirst Reading 2/9/2024HouseReferred to Rules Committee 2/28/2024HouseAssigned to Public Utilities Committee 2/29/2024HouseAdded Co-Sponsor Rep. Diane Blair-Sherlock 3/6/2024HouseTo Water Subcommittee 3/27/2024HouseAdded Co-Sponsor Rep. Joyce Mason 4/1/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Nabeela Syed 4/1/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee 4/1/2024HouseAdded Co-Sponsor Rep. Abdelnasser Rashid 4/2/2024HouseHouse Committee Amendment No. 1 Rules Refers to Public Utilities Committee 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 4/5/2024HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die