* Steve Daniels at Crain’s…
The House Public Utilities Committee on March 12 approved a bill extending Commonwealth Edison’s authority to set its rates via an annual formula. Apparently, given the 18-0 vote, no one on that panel thought this was a matter deserving much scrutiny.
But what those lawmakers voted to do, perhaps without understanding it, was to subject all 4 million of ComEd’s captive power-delivery customers in northern Illinois to unhedged interest-rate risk for the next 13 years. As it stands, the formula expires in 2022. The bill would continue it until 2032.
It would be as if a bank wrote you a 15-year mortgage at a fixed rate and then failed to hedge its interest-rate risk. No bank in the world would do that. Why should the rates Illinoisans pay for electricity embed that kind of exposure?
* I haven’t talked to any “big pop” lobsters about Charlie’s bill, but this would be the first time a commercial product is listed as an official state something or another…
House Bill 3073 isn’t likely to settle the soda vs. pop debate, but one state representative wants to see if Illinois can make Ski the state’s official drink.
Popcorn is the official snack of the state of Illinois. The state vegetable is sweet corn. Legislators in the Land of Lincoln have even made pumpkin the state’s official pie. State Rep. Charlie Meier, R-Okawville, is looking to make the citrus, cane sugar drink Ski the official state soda.
“It’s a small family business located in Breese, Illinois,” Meier said of Excel Bottling Co. “It’s been in business over 60 years. The family had information on a bank robber, turned him in and they used the reward money and started this soda company.”
Meier said big beverage companies oppose his idea.
“They’re saying that the state of Illinois can’t endorse a specific product and that’s why they don’t want Ski endorsed,” Meier said. “But it’s made in the state of Illinois. It started in the state of Illinois and once you have a Ski, you’re going to want to have one every day.” […]
“We like that people enjoy our product,” Excel’s third generation General Manager William Meier said Friday. He is not related to the state representative.
“Charlie is a great guy and trying to give us credit,” Meier said. “The idea is good to give credit, but I am neutral” on the bill.
“We’re a commercial entity and don’t get into the politics,” Meier said. “Glad Charlie loves our product.”
My late Aunt Janet lived in Aviston for decades, and I remember her giving us Ski when we visited back in the day. It’s good pop.
* I waited for the school bus every day by myself when I was in first and second grade. We lived five miles west of Clifton back then and both my parents worked and my mom would bring my brothers to daycare on her way to her teaching job. I stayed behind and caught the bus.
It was great. Anyone who comes from a big family knows the simple pleasures of alone time, even at such a young age. All those pesky younger brothers and both my parents were gone and I could just get ready for school without any interference or pressure and watch WGN’s great morning TV shows in total peace with my cereal.
One day, I missed the bus because I became so engrossed in one of those morning shows. Oops. So, I set out walking to Clifton. I made it about a mile or so before a neighbor picked me up (I was crying by that point) and drove me to town. Never did that again…
At what age should it be legal for a child to be at home alone, or to be caring for younger siblings?
In Illinois, it’s currently 14, the strictest such law in the nation for more than 25 years.
One Republican lawmaker wants that changed to 12.
“This law came into place decades ago in response to a case where a couple left the country with their two children at home,” said Rep. Joe Sosnowski, of Rockford. “As it sometimes happens with these issues in legislatures, lawmakers overreact and set a precedent that’s too restrictive.”
Sosnowski is sponsoring House Bill 2334, which would lower the state’s legal age limit for leaving children unsupervised to 12. The bill passed unanimously out of the House Judiciary-Criminal Committee in early March.
* Other bills…
* Get behind bills that would further women’s progress in Illinois
* Measure would require minimum number of women on corporate boards: Senate Bill 76 from Sen. Cristina Castro, D-Elgin, would require that by summer 2020 there be at least one women on corporate boards. By the end of 2022, boards would have to have a minimum of three of six board members be women and at least two of five board members be women, depending on the size of the board. It would also require the publication of such information.
* State rep sponsors drone bill
* Bill cracks down on inaccurate reporting of criminal history