Bill Text: IL SB3418 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2015-01-13 - Session Sine Die [SB3418 Detail]

Download: Illinois-2013-SB3418-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 SB3418 Introduced 2/14/2014, by Sen. Mike Jacobs SYNOPSIS AS INTRODUCED:
20 ILCS 3855/1-56
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.
LRB098 19593 RPS 54785 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
SB3418 LRB098 19593 RPS 54785 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Power Agency Act is amended by
changing Section 1-56 as follows:
(20 ILCS 3855/1-56)
Sec. 1-56. Illinois Power Agency Renewable Energy
Resources Fund.
(a) The Illinois Power Agency Renewable Energy Resources
Fund is created as a special fund in the State treasury.
(b) The Illinois Power Agency Renewable Energy Resources
Fund shall be administered by the Agency to procure renewable
energy resources. Prior to June 1, 2011, resources procured
pursuant to this Section shall be procured from facilities
located in Illinois, provided the resources are available from
those facilities. If resources are not available in Illinois,
then they shall be procured in states that adjoin Illinois. If
resources are not available in Illinois or in states that
adjoin Illinois, then they may be purchased elsewhere.
Beginning June 1, 2011, resources procured pursuant to this
Section shall be procured from facilities located in Illinois
or states that adjoin Illinois. If resources are not available
in Illinois or in states that adjoin Illinois, then they may be

SB3418 - 2 - LRB098 19593 RPS 54785 b
procured elsewhere. To the extent available, at least 75% of
these renewable energy resources shall come from wind
generation. Of the renewable energy resources procured
pursuant to this Section at least the following specified
percentages shall come from photovoltaics on the following
schedule: 0.5% by June 1, 2012; 1.5% by June 1, 2013; 3% by
June 1, 2014; and 6% by June 1, 2015 and thereafter. Of the
renewable energy resources procured pursuant to this Section,
at least the following percentages shall come from distributed
renewable energy generation devices: 0.5% by June 1, 2013,
0.75% by June 1, 2014, and 1% by June 1, 2015 and thereafter.
To the extent available, half of the renewable energy resources
procured from distributed renewable energy generation shall
come from devices of less than 25 kilowatts in nameplate
capacity. Renewable energy resources procured from distributed
generation devices may also count towards the required
percentages for wind and solar photovoltaics. Procurement of
renewable energy resources from distributed renewable energy
generation devices shall be done on an annual basis through
multi-year contracts of no less than 5 years, and shall consist
solely of renewable energy credits.
The Agency shall create credit requirements for suppliers
of distributed renewable energy. In order to minimize the
administrative burden on contracting entities, the Agency
shall solicit the use of third-party organizations to aggregate
distributed renewable energy into groups of no less than one

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megawatt in installed capacity. These third-party
organizations shall administer contracts with individual
distributed renewable energy generation device owners. An
individual distributed renewable energy generation device
owner shall have the ability to measure the output of his or
her distributed renewable energy generation device.
(c) The Agency shall procure renewable energy resources at
least once each year, which may be done independently or in
conjunction with a procurement event for electric utilities
required to comply with Section 1-75 of this the Act, and
shall, whenever possible, enter into long-term contracts on an
annual basis for a portion of the incremental requirement for
the given procurement year.
(d) The price paid to procure renewable energy credits
using monies from the Illinois Power Agency Renewable Energy
Resources Fund shall not exceed the winning bid prices paid for
like resources procured for electric utilities required to
comply with Section 1-75 of this Act. For the purposes of this
Section, the Agency shall implement a market-based benchmark
subject to approval by the Commission and shall recover all
planning and procurement costs.
(e) All renewable energy credits procured using monies from
the Illinois Power Agency Renewable Energy Resources Fund shall
be permanently retired.
(f) The procurement process described in this Section is
exempt from the requirements of the Illinois Procurement Code,

SB3418 - 4 - LRB098 19593 RPS 54785 b
pursuant to Section 20-10 of that Code.
(g) All disbursements from the Illinois Power Agency
Renewable Energy Resources Fund shall be made only upon
warrants of the Comptroller drawn upon the Treasurer as
custodian of the Fund upon vouchers signed by the Director or
by the person or persons designated by the Director for that
purpose. The Comptroller is authorized to draw the warrant upon
vouchers so signed. The Treasurer shall accept all warrants so
signed and shall be released from liability for all payments
made on those warrants.
(h) The Illinois Power Agency Renewable Energy Resources
Fund shall not be subject to sweeps, administrative charges, or
chargebacks, including, but not limited to, those authorized
under Section 8h of the State Finance Act, that would in any
way result in the transfer of any funds from this Fund to any
other fund of this State or in having any such funds utilized
for any purpose other than the express purposes set forth in
this Section.
(Source: P.A. 96-159, eff. 8-10-09; 96-1000, eff. 7-2-10;
96-1437, eff. 8-17-10; 97-616, eff. 10-26-11.)
Section 99. Effective date. This Act takes effect upon
becoming law.