POWER AG-LOW-INCOME HYDRO PROG

Amends the Illinois Power Agency Act. Provides that there shall be created a low-income community hydropower pilot project program. Provides that under this program, persons shall propose pilot community hydropower projects. Provides that community hydropower projects proposed may exceed 2,000 kilowatts in nameplate capacity, and the amount paid per project under this program may not exceed $20,000,000. Provides that pilot projects must result in economic benefits for the members of the community in which the project will be located. Provides that the proposed pilot project must include a partnership with at least one community-based organization. Provides that approved pilot projects shall be competitively bid by the Illinois Power Agency, subject to fair and equitable guidelines developed by the Agency. Provides that contracts entered into under this program may be entered into with an entity that will develop and administer the program or with developers and shall also include contracts for renewable energy credits related to the program. Provides that a project proposed by a utility shall not be included in the utility's rate base. Makes corresponding changes to the Act and the Public Utilities Act.