HB 2533

Amends the Public Utilities Act. Provides that at the next election following the public meeting and notice required in provisions regarding a water or sewer utility that is owned by the State or any political subdivision thereof being acquired by a large public utility, a referendum, subject to the requirements of the Election Code, shall be placed on the ballot for all electors within the area the water or sewer utility operates. Provides that the votes on the referendum shall be recorded as "yes"" or ""no"". 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 Illinois Commerce Commission shall not approve the large public utility's acquisition of the water or sewer utility."