Bill > SB4003

Introduced Session

Amends the Illinois Finance Authority Act. Removes a provision concerning energy storage projects. Amends the Illinois Power Agency Act. Makes changes in provisions concerning legislative findings. Provides that, on and after the effective date of the amendatory Act, the Agency shall develop new energy procurement plans only through the method of least-cost procurement, regardless of the power source of the procurement, and only with the most reliable procurements possible. Defines "least-cost procurement" as the procurement of electric service in a manner that is cost-effective, reliable, and prudent. In provisions concerning the Planning and Procurement Bureau, provides that the total of renewable energy resources procured shall be reduced for all retail customers based on the amount necessary to limit the annual estimated average net increase due to the costs of these resources included in the amounts paid by eligible retail customers in connection with electric service to no more than 4.25% of the amount paid per kilowatthour by those customers during the year ending May 31, 2009 (removes provisions concerning an inflation adjustment). In provisions concerning the Energy Transition Assistance Fund, provides that the energy transition assistance charge shall not exceed 1.3% (instead of 1.45%) of the amount paid per kilowatthour by eligible retail customers during the year ending May 31, 2009. Removes provisions concerning an adjustment in the energy transition assistance charge for inflation. Provides that, notwithstanding any other law, no commercial wind energy facility, commercial solar energy facility, or energy storage system shall be built in the State without the construction of such facility first being approved by the applicable unit of local government if the facility is within 1.5 miles of that unit of local government. Requires the Legislative Reference Bureau to prepare for introduction in the 2027 spring session of the General Assembly a bill effecting such changes in the statutes as may be necessary to conform the statutes to the changes in law made by the amendatory Act. Removes references to energy storage projects, energy storage resources, and energy storage systems. Amends the Property Tax Code and the Counties Code. Removes provisions concerning energy storage systems. Makes other changes. Effective immediately.

AI Summary

Chapin Rose (R)*, 

Referred to Assignments (on 02/06/2026)

Official Document