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What is Illinois Commerce Commission mean?
The Illinois Commerce Commission is a quasi-judicial tribunal that regulates public utility services in the U.S. state of Illinois. The mission of the ICC is "to pursue an appropriate balance between the interest of consumers and existing and emerging service providers to ensure the provision of adequate, efficient, reliable, safe and least-cost public utility services." The most visible part of this mission is the setting of rates and charges for service by public utilities. (For the ICC, the term "public utility" includes private companies serving the public, but not municipal utilities that are, in a sense, owned by the public.) Examples of utility types regulated by the ICC include electric, natural gas, telecommunications, water, and sewer. The ICC also regulates certain transportation activities, including railroad safety, towing, trucking, and household goods moving.
Since the 1970s, the Commission's Springfield, Illinois headquarters has been in the former Leland Hotel.
referencePosted on 09 Dec 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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