Peoples Gas Welcomes Legislation Granting Accelerated Natural Gas Infrastructure Investments

Lawndale News Chicago's Bilingual Newspaper - BusinessPeoples Gas welcomes legislation introduced in the Illinois House of Representatives that will enable utility companies to accelerate the replacement of aging, natural gas infrastructure throughout the state. The bill ensures that the investment needed in Illinois’ aging gas infrastructure can occur at an accelerated pace and gives the Illinois Commerce Commission (ICC) the authority to review and approve recovery for investments made to modernize the state’s natural gas delivery systems in a timely manner.

The 2013 Natural Gas Consumer, Safety & Reliability Act (SB 2266) provides funding for Illinois gas infrastructure upgrades through a small adjustment on customer bills, approved by the Illinois Commerce Commission. The proposed legislation contains strong consumer protections, increases transparency and accountability and caps customer impact due to main replacement costs at an annual average of four percent of delivery service rates.

Comments are closed.