IL HR1157

House Resolution 1157 expresses concerns about an Illinois Commerce Commission order (Docket 11-0721) from May 29, 2012 regarding Commonwealth Edison Company's rate treatment under the Energy Infrastructure Modernization Act (Public Act 97-616).

The resolution asserts that the ICC order fails to allow Commonwealth Edison to earn a debt return on pension assets as permitted under Section 16-108.5 of the Public Utilities Act, contrary to the General Assembly's intent.

The resolution objects to the ICC's use of average numbers rather than year-end values from Federal Energy Regulatory Commission Form 1 filings to determine rate base and capital structure, stating this contradicts statutory directives.

The resolution urges the ICC to reverse three specific conclusions on rehearing: allowing debt return on pension assets, applying interest based on the utility's weighted average cost of capital, and using year-end rather than average figures for rate calculations.

The resolution emphasizes that administrative agencies possess only those powers expressly delegated by statute and may not substitute their judgment for that of the General Assembly regarding public policy.