SB 1606

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Utilities-Energy Credits

Abstract

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.

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Jan 10, 2023

Senate

Session Sine Die

May 21, 2021

Senate

Rule 3-9(a) / Re-referred to Assignments

May 10, 2021

Senate

Re-assigned to Energy and Public Utilities

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 21, 2021

May 07, 2021

Senate

Rule 3-9(a) / Re-referred to Assignments

Apr 30, 2021

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 7, 2021

Apr 23, 2021

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As April 30, 2021

Apr 16, 2021

Senate

Rule 2-10 Committee Deadline Established As April 23, 2021

Mar 09, 2021

Senate

Assigned to Energy and Public Utilities

Feb 26, 2021

Senate

Filed with Secretary by Sen. Bill Cunningham

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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