| | | | Title: | | | | | Volume/Number: | | | | | Issuing Agency: | | | | | Description: | Illinois Commerce Commmission vs Illinois Power Company d/b/a AmerenIP: Reconciliation of revenues collected under hazardous materials adjustment clause rider with actual and prudent associated costs. In the final order entered in Docket No. 040294 on September 22, 2004, the Commission approved, with modifications, the rider under which Illinois Power Company, d/b/a/ AmerenIP (AmerenIP or the utility), would share the costs of asbestos litigation between shareholders and ratepayers (Hazardous Materials Adjustment Clause or HMAC Rider). The order directed AmerenIP to file the HMAC Rider to be effective January 2, 2007. The HMAC Rider was established along with a trust fund with an initial balance of $20 million funded by Ameren shareholders. The HMAC Rider provides that the utility may withdraw from the trust fund 90% of the amount by which its annual cash expenditures for prudently incurred HMAC costs exceed the amount in base rates, and, alternatively, that the utility shall deposit in the trust fund 90% of the amount by which the amount in base rates exceeds the utilitys cash expenditures for prudently incurred HMAC costs. | | | | Date Created: | 01 21 2010 | | | | Agency ID: | 10-0053 | | | | ISL ID: | 000000024259 Original UID: 11976 FIRST WORD: Order | |
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