Bill > SB1500

This bill amends the Safety and Aid for the Environment in Carbon Capture and Sequestration Act to modify provisions related to integrating and compensating pore space owners for underground carbon dioxide sequestration projects. The bill changes how compensation is calculated for nonconsenting pore space owners, requiring that they receive compensation no less than the average total payment package provided to similarly situated consenting pore space owners, without excluding initial incentives or signing bonuses. The legislation allows a sequestration operator to petition the Department of Natural Resources to issue an order requiring pore space owners to integrate their interests if the operator has obtained rights from owners of at least 75% of the surface area above the proposed sequestration facility. The bill maintains detailed requirements for the petition, including identifying all pore space owners, demonstrating good faith efforts to negotiate, and providing a comprehensive plan for pore space use. It also mandates public notice and hearings, ensures that nonconsenting owners receive just compensation, and includes provisions for handling unknown or nonlocatable pore space owners. Additionally, the bill requires the sequestration operator to provide alternative water supplies if groundwater monitoring indicates drinking water has been compromised, emphasizing environmental and community protection in carbon sequestration projects.

Agriculture and Natural Resources

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1500&GAID=18&DocTypeID=SB&SessionID=114&GA=104