HB 2857

Abstract

Amends the Illinois Finance Authority Act. Changes the definition of "clean energy". Amends the Illinois Power Agency Act. Changes the definitions of "clean energy", "community renewable generation project", "distributed renewable energy generation device", and "renewable energy resources". Provides that the long-term renewable resources procurement plan shall include the procurement of renewable energy credits from new projects in amounts equal to at least 10,000,000 renewable energy credits delivered annually by the end of the 2021 delivery year, and increasing ratably to reach 45,000,000 renewable energy credits delivered annually from new wind, solar, and other renewable energy resources (rather than just new wind and solar) projects by the end of delivery year 2030 such that the goals are met 75% (rather than entirely) by procurements of renewable energy credits from new wind and photovoltaic projects and 25% by other renewable energy resources such that the State maintains a sufficient, diverse, reliable, and cost effective renewable energy resources mix. Provides that the self-direct credit amount for each renewable energy credit supplied shall be determined annually and is equal to the lower of the volumetric charge collected pursuant to the recovery of costs associated with the provision of delivery and other services to support the renewable portfolio or the average price paid per renewable energy credit divided by 1,000 for all utility-scale renewable energy credits procured by the Illinois Power Agency after June 1, 2017. Removes a provision that provides that the self-direct credit amount does not include costs associated with any contracts entered into before the delivery year in which the customer files the initial compliance report to be eligible for participation in the self-direct program. Amends the Community Energy, Climate, and Jobs Planning Act. Changes the definition of "renewable energy resources". Amends the Public Utilities Act. Changes the definition of "eligible renewable electrical generating facility". Amends the Environmental Protection Act. Changes the definitions of "clean energy" and "large greenhouse gas-emitting unit". Effective immediately.