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IL SB1361

IL SB1361
HIGH VOLTAGE CONVERTER STATION


summary

Introduced
01/29/2025
In Committee
04/11/2025
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the Illinois Enterprise Zone Act. Makes technical changes. Amends the Illinois Power Agency Act. Provides that the long-term renewable resources procurement plan shall include the procurement of renewable energy credits from high voltage direct current renewable energy credits. Provides that the Illinois Power Agency shall conduct at least one forward procurement for high voltage direct current renewable energy credits within 240 days after the effective date of the amendatory Act. Sets forth procedures for application and bidding. Provides that, no later than December 1, 2025, the Agency shall create and issue a report that describes how transmission systems limit the ability of electric utilities to meet renewable resource procurement goals. Makes changes in provisions concerning legislative declarations and findings and definitions. Makes conforming changes. Amends the Public Utilities Act. Provides that an electric utility that has entered into a contract to purchase high voltage direct current renewable energy credits shall be entitled to recover through tariffed charges all costs related to the purchase of high voltage direct current renewable energy credits under the contract. Provides that an entity that received a contract to provide high voltage direct current renewable energy credits and the associated high voltage direct current transmission lines shall not be obligated to submit an annual supplier diversity report to the Illinois Commerce Commission. Makes changes to provisions concerning definitions. Amends the Prevailing Wage Act to make a conforming change. Effective immediately.

AI Summary

This bill, known as the Transmission for Transition Law, aims to support the development of high voltage direct current (HVDC) transmission lines and renewable energy resources in Illinois. The bill makes several key provisions across multiple state acts: In the Illinois Power Agency Act, the bill establishes a procurement process for high voltage direct current (HVDC) renewable energy credits, requiring the Agency to conduct forward procurements for these credits. The procurement includes specific requirements such as project labor agreements, equity plans, and provisions for generating facilities to bid on credits. The Agency must also create a report by December 1, 2025, describing how transmission systems limit the ability of electric utilities to meet renewable resource procurement goals. Under the Public Utilities Act, the bill allows electric utilities that enter into contracts for HVDC renewable energy credits to recover all related costs through tariffed charges. Additionally, entities developing HVDC transmission facilities are exempt from supplier diversity reporting requirements. The bill also amends the Enterprise Zone Act and the Prevailing Wage Act to support these renewable energy and transmission initiatives. Notably, the bill aims to encourage the development of interregional high voltage direct current transmission lines that can connect different regional transmission organizations, with the goal of integrating more renewable energy resources, creating jobs, and supporting Illinois' transition to a clean energy future. The legislation reflects a broader state strategy to reduce carbon emissions, promote clean energy development, and ensure grid reliability by facilitating the transmission of renewable energy across different regions.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Rule 3-9(a) / Re-referred to Assignments (on 04/11/2025)

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