IL SB0321

Amends the River Edge Redevelopment Zone Act to clarify how costs for utility facility removal or relocation are shared among public utilities, municipalities, and nearby landowners.

Requires reasonable and prudent costs for facility removal or relocation to be shared equally among the public utility, the municipality, and landowners within 100 feet who directly benefit, with each municipality or landowner's cost capped at $3,667,000 or an equal percentage of total project costs, whichever is less.

Allows the Illinois Commerce Commission to permit public utilities to fully recover all reasonable and prudent environmental remediation costs from all retail customers in their service territory through appropriate tariff mechanisms and regulatory assets.

Permits utilities to defer costs as regulatory assets to be included in the rate base and amortized over a reasonable period shorter than the facility's life, collected from all residential and commercial ratepayers system-wide.

Changes the sunset date of this section from 7 years after the effective date of the 96th General Assembly amendment to August 1, 2020.