HB2498 Summary

• Renames Article XX of the Public Utilities Act from "Retail Electric Competition" to "Retail Electric and Natural Gas Competition Act"

• Adds legislative findings that the Illinois Commerce Commission should promote development of an effectively competitive retail natural gas market that operates efficiently and benefits all Illinois consumers

• Requires the Office of Retail Market Development to propose solutions that promote safe, reliable, and affordable natural gas service in addition to electric service

• Directs the Commission to consult with natural gas utilities and suppliers to expand access to natural gas suppliers for residential and small business consumers

• Updates annual reporting requirements to include natural gas competition alongside electric competition initiatives