Public Utilities Act

Overview

The General Assembly finds that the health, welfare and prosperity of all Illinois citizens require the provision of adequate, efficient, reliable, environmentally safe and least-cost public utility services at prices which accurately reflect the long-term cost of such services and which are equitable to all citizens. It is therefore declared to be the policy of the State that public utilities shall continue to be regulated effectively and comprehensively. It is further declared that the goals and objectives of such regulation shall be to ensure (a) Efficiency: the provision of reliable energy services at the least possible cost to the citizens of the State; in such manner that: (i) physical, human and financial resources are allocated efficiently; (ii) all supply and demand options are considered and evaluated using comparable terms and methods in order to determine how utilities shall meet their customers' demands for public utility services at the least cost; (iii) utilities are allowed a sufficient return on investment so as to enable them to attract capital in financial markets at competitive rates; (iv) tariff rates for the sale of various public utility services are authoriz

Sections covered

• 220 ILCS 5/1-101Short title
• 220 ILCS 5/1-102Findings and Intent