HB 4150

Abstract

Amends the Electricity Excise Tax Law. Deletes provisions, applicable through June 30, 2004, requiring the Department of Revenue to pay certain amounts each month into the Public Utility Fund. Beginning on July 1, 2006 and through January 31, 2009, requires the Department to pay certain amounts each month into the Municipal Economic Development Fund. Amends the Public Utilities Act. Prohibits the Illinois Commerce Commission from requiring an electric utility to purchase electricity from any qualified solid waste energy facility (QSWEF) that is owned or operated by an entity that is the subject of a bankruptcy proceeding during the pendency of that proceeding. Provides that, as of the first date on which renewable energy certificates or other saleable representations are sold by a QSWEF, with or without the electricity generated by the facility, to an electric utility or to another electric supplier that is required under State law to comply with a renewable energy portfolio standard or required by order of the Illinois Commerce Commission to meet renewable energy portfolio standard requirement, the QSWEF may not sell electricity and shall be exempt from certain requirements concerning the sale of electricity, but shall remain obligated for certain reimbursements to the State. Provides that certain provisions concerning the sale of electricity by QSWEFs shall remain in full force and effect with respect to a QSWEF that sold electricity at any time before July 1, 2006 and that does not sell or transfer renewable energy certificates or other saleable representations in order to meet the requirements of a renewable energy portfolio standard. Provides that, beginning on July 1, 2006, the Illinois Commerce Commission shall not issue any order determining that a facility is a QSWEF unless it was determined by the Illinois Commerce Commission to be a QSWEF before July 1, 2006. Effective immediately.