For Release: 07/08/2013
Peoples Gas welcomes Governor Quinn's swift signing of the Natural Gas Consumer, Safety & Reliability Act (Public Act 98-0057)
(Chicago, IL) - Will Evans, president, Peoples Gas said, "I would like to thank Governor Quinn for his prompt action and foresight in recognizing that this legislation will benefit consumers, preserve jobs, boost our state’s economy and protect the environment."
"I would also like to again thank Senate President John Cullerton and House Speaker Michael Madigan for their strong leadership and advocacy for improving the safety and reliability of Illinois’ natural gas infrastructure - as well as Republican Leaders Christine Radogno and Tom Cross who gave the measure great support and helped to ensure that it passed with healthy, bipartisan majorities. We are also grateful to the legislators who voted to send the bill to the governor. They understand that investing in our infrastructure now is more cost effective and keeps public safety at the forefront."
"The tireless efforts of our local union, Gas Workers 18007, the Chicago Federation of Labor, and the Illinois AFL-CIO and its affiliates have been vital in protecting the over 1000 jobs and billions of dollars of investment this legislation brings to Illinois."
"We are pleased this law will provide the confidence and timely cost recovery necessary to support Peoples Gas’ accelerated main replacement program over the next 10 years."
"The Natural Gas Consumer, Safety & Reliability Act (Public Act 98-0057) provides funding for Illinois gas infrastructure upgrades through a small adjustment on customer bills, approved by the Illinois Commerce Commission. The law contains strong consumer protections, increases transparency and accountability and caps customer impact due to main replacement costs at an annual average of 4% of delivery service rates. Critically, the ICC maintains its oversight function. Annual reviews and reporting requirements are built into the legislation. Only costs related to the infrastructure improvements will be recovered through the adjustment. The program will also reduce costs through lower future operational expenses. The law brings Illinois in alignment with 28 other states that have already recognized the need for a timely cost recovery mechanism as a way to support and encourage large capital investment in aging natural gas infrastructure."
Organizations supporting PA 98-0057 include: Illinois AFL-CIO, Blue Green Alliance, Chicago Federation of Labor, CISCO (Construction Industry Service Corporation), Construction & Laborers' District Council of Chicago and Vicinity, Gas Workers Union Local 18007, IBEW Local 51, IBEW Local 309, IBEW Local 649, IBEW Local 702, IBEW Local 1455, Laborers International Union of North America (LIUNA) Midwest Region, LIUNA Local 100, LIUNA Local 459, LIUNA Twelve Counties Southwestern Illinois District Council, Operating Engineers Local 150, Pipefitters Local 597, Plumbers & Fitters Local 101, Plumbers & Fitters Local 360, Teamsters Local 786, Utility Workers Union of America, West Central Illinois Building and Construction Trades Council, Arcadis US, EN Engineering, First Choice Landscaping, Guardian Security Services, HBK Engineering, LLC, Henkels & McCoy, Inc., Hispanic American Construction Industry Association, Illinois Black Chamber of Commerce, Illinois Business Roundtable, Illinois Chamber of Commerce, Illinois Energy Association, Illinois Hispanic Chamber of Commerce, InfraSource Services, LLC., INTREN, Inc., Jacobs Engineering Group, J.F. Electric, Inc., KS Energy Services, LLC, Meade/Contracting & Material Co., NPL, Palatine Oil Company, Peoples Gas/North Shore Gas, Puerto Rican Chamber of Commerce of Illinois, Quanta Services, Inc., Rabine Paving, and The Pacific Company.
About Peoples Gas
Peoples Gas, a subsidiary of Integrys Energy Group, Inc. (NYSE: TEG ), is a regulated natural gas delivery company that serves approximately 829,000 residential, commercial and industrial customers in the city of Chicago. For more information about Peoples Gas, visit the company's website: www.peoplesgasdelivery.com
For More Information, Contact:
- Jennifer Block
Director, Media Relations
Peoples Gas and North Shore Gas