HB 4562

Amends the Public Utilities Act. In provisions concerning a Large Electing Provider's transition to IP-based networks and service, provides that a Large Electing Provider shall provide telecommunications service, including telecommunications service over traditional circuit switched networks, to existing business and residential end-use customers until at least December 31, 2031. Provides that, beginning January 1, 2032, a Large Electing Provider shall start the process of returning the salvage value of traditional circuit switched networks to the people of the State. Requires a Large Electing Provider to complete the salvage of the Large Electing Provider's traditional circuit switched networks by January 1, 2038. Provides that the Large Electing Provider shall document and report to the Department of Public Health and the Illinois Commerce Commission, on a quarterly basis, all activities related to the salvage of the Large Electing Provider's traditional circuit switch networks, including, but not limited to, the total realized salvage value, a per-mile salvage value, the geographic location of all salvages, and the value of such salvages. Provides that, if a Large Electing Provider retires a traditional circuit switch network, the Large Electing Provider shall, beginning on December 1, 2032 and annually thereafter, transfer the salvage value of the retired networks to the Lead Service Line Replacement Fund for the sole purpose of providing grants to municipal and private water utilities to replace lead service lines. Effective immediately.