UTIL-QUAL SOLID WASTE ENERGY

Amends the Public Utilities Act. Provides additional requirements for contracts in which an electric utility is purchasing electricity from a qualified solid waste energy facility. Provides that all qualified solid waste energy facilities shall receive a monthly incentive payment from the State Treasurer for all the monthly kilowatt-hours sold to an electric utility. Provides circumstances under which the incentive payment may be suspended or revoked. Provides that, after the effective date of this amendatory Act, public utilities are not entitled to State tax credits for the purchase of electricity from a qualified solid waste energy facility. Requires qualified solid waste energy facilities to have a Commission-approved plan to reimburse the State for tax credits resulting from electricity sold prior to the effective date of this Act. Effective immediately.