PUB UTIL-ELEC-EARNINGS CALC Senate SponsorsSen. William R. Haine House Sponsors(Rep. George Scully, Jr.-Paul D. Froehlich) 1/9/2007SenateSession Sine Die 220 ILCS 5/16-111.3Amends the Electric Service Customer Choice and Rate Relief Law of 1997 of the Public Utilities Act. Provides that, at such time as the Board of Governors of the Federal Reserve System includes neither the nominal yields of 30-year U.S. Treasury bonds nor the Treasury Long-Term Average Rate (25 years and above) in its weekly H.15 Statistical Release or successor publication, the nominal yields of 20-year U.S. Treasury bonds published by the Board of Governors of the Federal Reserve System in its weekly H.15 Statistical Release or successor publication shall instead be used to establish a rate for the purpose of calculating the Index defined in subsection (e) of Section 16-111 of the Act, and at such time, such yields of 20-year U.S. Treasury bonds shall also be used in place of the yields of 30-year U.S. Treasury bonds in the rate of return calculation required by subsection (d) of Section 16-111. Effective January 1, 2006.House Amendment No. 1 Adds reference to:220 ILCS 5/16-111Deletes everything after the enacting clause. Amends the Electric Service Customer Choice and Rate Relief Law of 1997 in the Public Utilities Act. Provides that certain rates of calculation shall be established by reference to the weekly H.15 Statistical Release or successor publication of the Board of Governors of the Federal Reserve System. Provides that, of each of the following that are published in that weekly Statistical Release or successor publication, the lowest shall be used: (i) monthly average nominal yields of 20-year U.S. Treasury Bonds, (ii) Monthly Average Nominal Treasury Long-Term Treasury Rates (25 years and above), and (iii) monthly average nominal yields of 30-year U.S. Treasury bonds. Deletes a provision requiring the use of the 30-year U.S. Treasury bond rate until it ceases to be included in that publication and thereafter the Monthly Treasury Long-Term Average Rate (25 years and above) in establishing those rates of calculation. Makes corresponding changes. 2/25/2005SenateFiled with Secretary by Sen. William R. Haine 2/25/2005SenateFirst Reading 2/25/2005SenateReferred to Rules 3/2/2005SenateAssigned to Environment & Energy 3/10/2005SenateDo Pass Environment & Energy; 012-000-000 3/10/2005SenatePlaced on Calendar Order of 2nd Reading March 15, 2005 3/17/2005SenateSecond Reading 3/17/2005SenatePlaced on Calendar Order of 3rd Reading April 6, 2005 4/11/2005SenateThird Reading - Passed; 053-000-000 4/11/2005HouseArrived in House 4/11/2005HousePlaced on Calendar Order of First Reading 4/11/2005HouseChief House Sponsor Rep. George Scully, Jr. 4/11/2005HouseAdded Alternate Chief Co-Sponsor Rep. Paul D. Froehlich 4/11/2005HouseFirst Reading 4/11/2005HouseReferred to Rules Committee 4/20/2005HouseAssigned to Executive Committee 5/13/2005HouseRule 19(a) / Re-referred to Rules Committee 5/23/2005HouseFinal Action Deadline Extended-9(b) May 31, 2005 5/23/2005HouseAssigned to Electric Utility Oversight Committee 5/23/2005HouseMotion to Suspend Rule 25 - Prevailed 5/26/2005HouseHouse Amendment No. 1 Filed with Clerk by Electric Utility Oversight Committee 5/26/2005HouseHouse Amendment No. 1 Adopted in Electric Utility Oversight Committee; by Voice Vote 5/26/2005HouseDo Pass as Amended / Short Debate Electric Utility Oversight Committee; 012-000-000 5/26/2005HousePlaced on Calendar 2nd Reading - Short Debate 5/26/2005HouseSecond Reading - Short Debate 5/26/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/27/2005HouseThird Reading - Short Debate - Passed 115-000-001 5/27/2005SenateSecretary's Desk - Concurrence House Amendment(s) 01 5/27/2005SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01-May 28, 2005 5/27/2005SenateHouse Amendment No. 1 Motion to Non-Concur Filed with Secretary Sen. William R. Haine 7/1/2005SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 1/9/2007SenateSession Sine Die