UTILITIES-ENERGY CREDITS
Summary
Amends the Illinois Power Agency Act. Provides that beginning in calendar year 2022, for all competitive procurements and any procurements of renewable energy credits from new utility-scale wind and new utility-scale photovoltaic projects, the Illinois Power Agency shall procure indexed renewable energy credits and direct respondents to offer a strike price. Provides that the value of the indexed renewable energy credit payment shall be calculated for each settlement period. Provides for a procedure to ensure adequate funding in the Agency's annual budget for indexed renewable energy credit procurements. Provides that the Agency shall not assume an obligation in excess of the estimated annual cost of the contracts for indexed renewable energy credits. Defines terms. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2021
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
12
Key actions
1
Committee
6
May 21, 2021
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
May 10, 2021
Committee
Re-assigned to Energy and Public Utilities
upper
May 7, 2021
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Apr 16, 2021
Upper · Passed
Rule 2-10 Committee Deadline Established As April 23, 2021
upper
Mar 9, 2021
Committee
Assigned to Energy and Public Utilities
upper
Feb 26, 2021
Committee
Referred to Assignments
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Cunningham
DDemocratic
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