Bill Status of SB1606 98th General Assembly
Short Description: UTILITIES-ENERGY CREDITS
Sen. Bill Cunningham
| 5/21/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|
Statutes Amended In Order of Appearance
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.
|Date||Chamber|| Action|| 2/26/2021||Senate||Filed with Secretary by Sen. Bill Cunningham|| 2/26/2021||Senate||First Reading|| 2/26/2021||Senate||Referred to Assignments|| 3/9/2021||Senate||Assigned to Energy and Public Utilities|| 4/16/2021||Senate||Rule 2-10 Committee Deadline Established As April 23, 2021|| 4/23/2021||Senate||Rule 2-10 Committee/3rd Reading Deadline Established As April 30, 2021|| 4/30/2021||Senate||Rule 2-10 Committee/3rd Reading Deadline Established As May 7, 2021|| 5/7/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|| 5/10/2021||Senate||Rule 2-10 Committee/3rd Reading Deadline Established As May 21, 2021|| 5/10/2021||Senate||Re-assigned to Energy and Public Utilities|| 5/21/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|