SB 1652 Highlights Electric Utility Accountability for Performance
Tuesday, Aug 30, 2011
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System Investments Mean Better Reliability for Customers; Performance Standards Provide Accountability
If enacted into law, the Illinois Electric Energy Infrastructure Modernization Act (SB 1652), which passed the Illinois House and Senate in May, would put in place more stringent performance standards for Illinois electric utilities.
Utilities would be held accountable for their performance on a range of issues that matter most to customers. And if the utilities don’t meet these standards, it gets taken out of their bottom line.
Among the performance standards in SB 1652, utilities must…
• Improve outage frequency by 20 percent
• Improve estimated bills by 90 percent
Utilities could stand to lose tens of millions of dollars each year if they fail to deliver benefits from investment in grid modernization. There is no symmetrical upside – utilities are penalized for failure to perform but they don’t receive bonuses for achieving goals.
For more information on the other benefits of grid modernization, visit www.smartenergyil.com.