Illinois Passes Bill Allowing One-Year Extension for Supply of Renewable Credits From New Projects

PUBLISH DATE
26 Jun, 2019 at 2:30 pm
Illinois Power Agency RECs

Illinois lawmakers approved a measure that allows a one-year extension of the date by which the Illinois Power Agency is required to deliver renewable energy credits from new utility-scale wind and solar projects acquired through long-term contracts. The bill sets a June 1, 2022 deadline for the agency to begin supplying credits.

Current law directs the IPA to solicit 15-year contracts for the delivery of RECs from June 1, 2019, but not later than June 1, 2021. The bill allows the extension if the projects face delays due to interconnection issues, actions of transmission or distribution providers, or other causes specified in the contract. 

SOURCE
IL POWER AGENCY-CONTRACTS



EnerKnol Pulses like this one are powered by the EnerKnol Platform—the first comprehensive database for real-time energy policy tracking. Sign up for a free trial below for access to key regulatory data and deep industry insights across the energy spectrum.

ACCESS FREE TRIAL