IL HB2863

Amends the Public Utilities Act to expand public notice requirements when a state-owned or municipality-owned water or sewer utility is being acquired by a large public utility

Requires the water or sewer utility being acquired to mail notice to affected customers at least 30 days prior to the required public meeting, sent with monthly bills on a separate page in at least 12-point font

Notice must include information about the public meeting, the public body making the sale decision, and a comparison of current rates, expected post-acquisition rates, and the effect on rates if the acquisition does not proceed

Requires newspaper publication to include information about the public meeting being held prior to the acquisition, replacing the previous requirement to simply publish the terms of acquisition

These notice provisions apply to voluntary acquisitions by investor-owned utilities serving more than 15,000 customer connections that acquire smaller water/sewer utilities serving 6,000 or fewer connections