IL HB2426

Requires electric utilities with more than 100,000 customers to file tariffs allowing alternative retail electric suppliers and other utilities to have the utility purchase 2 billing cycles worth of uncollectible receivables for power and energy service provided to residential and non-residential retail customers.

Removes the restriction limiting receivables purchases to non-residential customers with peak demand less than 400 kilowatts, expanding the program to all non-residential retail customers.

Establishes that uncollectible receivables shall be purchased at a just and reasonable discount rate approved by the Commission after notice and hearing, based on the utility's historical bad debt and reasonable start-up and administrative costs.

Permits the electric utility to recover from retail customers any uncollectible receivables arising from the purchase program and retain rights to disconnect customers for non-payment, while preventing double recovery of bad debt expenses.

Makes technical correction changing "uncollectable" to "uncollectible" and takes effect immediately upon becoming law.