IL HB5799

Directs the Department of Commerce and Economic Opportunity to transfer $200,000,000 to eligible electric utilities serving residential and small commercial customers experiencing significant power price increases.

Electric utilities must demonstrate a more than 90% year-over-year increase in total supply charges (comparing June 1, 2021 to June 1, 2022) to qualify for funding and must notify the Illinois Commerce Commission within 15 days of the bill's effective date.

Utilities must file tariffs providing monthly rebate credits divided equally among all active residential and small commercial customers, with credits applied to bills from August through December 2022 and any excess carrying forward into 2023.

The Illinois Commerce Commission has 5 days to review utility tariffs for compliance, with tariffs taking effect within 7 days of filing or one day after compliance filing, whichever is later.

Utilities must include a bill insert stating "Your bill has been reduced this month by the Power Price Mitigation Rebate Act passed by the Illinois General Assembly" and must return any unapplied funds to the Department by June 30, 2023; the bill takes effect immediately.