Illinois General Assembly - Bill Status for SB1606
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 Bill Status of SB1606  102nd General Assembly


Short Description:  UTILITIES-ENERGY CREDITS

Senate Sponsors
Sen. Bill Cunningham

Last Action
DateChamber Action
  3/9/2021SenateAssigned to Energy and Public Utilities

Statutes Amended In Order of Appearance
20 ILCS 3855/1-10
20 ILCS 3855/1-75


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Bill Cunningham
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/9/2021SenateAssigned to Energy and Public Utilities

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