PUB UTIL-ELEC-EARNINGS CALC

Amends the Electric Service Customer Choice and Rate Relief Law of 1997 of the Public Utilities Act. Provides that, at such time as the Board of Governors of the Federal Reserve System includes neither the nominal yields of 30-year U.S. Treasury bonds nor the Treasury Long-Term Average Rate (25 years and above) in its weekly H.15 Statistical Release or successor publication, the nominal yields of 20-year U.S. Treasury bonds published by the Board of Governors of the Federal Reserve System in its weekly H.15 Statistical Release or successor publication shall instead be used to establish a rate for the purpose of calculating the Index defined in subsection (e) of Section 16-111 of the Act, and at such time, such yields of 20-year U.S. Treasury bonds shall also be used in place of the yields of 30-year U.S. Treasury bonds in the rate of return calculation required by subsection (d) of Section 16-111. Effective January 1, 2006.