UTILITY-UNCOLLECT RECEIVABLES

Amends the Public Utilities Act. Provides that an electric utility with more than 100,000 customers shall not purchase any receivable priced at a higher price than is obtained for consumers through the power procurement process provided under specified provisions of the Act. Provides that only those amounts equal to and less than the price obtained for consumers in the Illinois Power Agency procurement process shall be purchased by an electric utility with more than 100,000 customers and that any costs to the utility associated with this requirement shall be recovered from participating alternative retail electric suppliers. Makes conforming changes. Effective immediately.