Bill Status of SB 3418   98th General Assembly

Short Description:  IPA MARKET-BASED BENCHMARK

Senate Sponsors
Sen. Mike Jacobs and Linda Holmes

Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3855/1-56

Synopsis As Introduced
Amends the Illinois Power Agency Act. In a provision concerning the price paid to procure renewable energy credits using monies from the Illinois Power Agency Renewable Energy Resources Fund, directs the Agency to implement a market-based benchmark subject to approval by the Illinois Commerce Commission. Provides that the Agency shall recover all planning and procurement costs. Provides that the Agency may procure renewable energy resources independently as well as in conjunction with a procurement event for certain electric utilities. Effective immediately.

Actions 
DateChamber Action
  2/14/2014SenateFiled with Secretary by Sen. Mike Jacobs
  2/14/2014SenateFirst Reading
  2/14/2014SenateReferred to Assignments
  2/27/2014SenateAdded as Co-Sponsor Sen. Linda Holmes
  1/13/2015SenateSession Sine Die

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