Illinois · House Bill 2541 · 103rd General Assembly

UTIL-RATEMAKING & PROFIT

HB 2541 Sponsored by Theresa Mah Died in committee

  1. Introduced Feb 15, 2023
  2. In committee Feb 15, 2023
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Public Utilities Act. Provides that in a ratemaking proceeding, the Illinois Commerce Commission shall not approve for ratemaking purposes either a cost of equity exceeding 8% unless clear and convincing record evidence demonstrates that a higher return on equity is strictly necessary to prevent an imminent and significant threat of negative credit action that would be expected to increase the cost of…

Read the full title (159 words)

Amends the Public Utilities Act. Provides that in a ratemaking proceeding, the Illinois Commerce Commission shall not approve for ratemaking purposes either a cost of equity exceeding 8% unless clear and convincing record evidence demonstrates that a higher return on equity is strictly necessary to prevent an imminent and significant threat of negative credit action that would be expected to increase the cost of service for the utility's ratepayers; or a capital structure comprised of more than 50% common equity unless clear and convincing record evidence demonstrates that a higher equity ratio is strictly necessary to prevent an imminent and significant threat of negative credit action that would be expected to increase the cost of service for the utility's ratepayers. Provides that the Commission shall not treat the utility's interest in offsetting the revenue impact of enforcing either of these limitations as justification for approving or adjusting any other proposed revenues. Makes corresponding changes to the Multi-Year Rate Plan.

Every action

11 steps, oldest first, as the legislature records them.

  1. HouseFiled with the Clerk by Rep. Theresa Mah
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Public Utilities Committee · House Public Utilities
  5. HouseAdded Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
  6. HouseAdded Co-Sponsor Rep. Dagmara Avelar
  7. CommitteeTo Utilities Subcommittee · House Utilities Subcommittee
  8. HouseAdded Co-Sponsor Rep. Kam Buckner
  9. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  10. HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  11. HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 4 cosponsors: 4 Democrats.

All 4 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.