IL HB2862

Prohibits the Illinois Commerce Commission from authorizing any charges to utility customers based on changes in the cost of fuel

Eliminates fuel adjustment clauses that previously allowed utilities to increase or decrease rates based on changes in fuel costs for electric generation, purchased power, or purchased gas

Removes provisions allowing utilities to adjust rates based on emission allowance purchases or sales under the federal Clean Air Act Amendments of 1990

Strikes provisions that permitted utilities to file tariffs establishing fuel adjustment clause rates based on 24-month averages during the mandatory transition period

Retains existing provisions for substitute natural gas (SNG) contracts with clean coal facilities, including consumer protection mechanisms and sequestration requirements