Bill Status of SR 623   99th General Assembly

Short Description:  POWER CAPACITY AUCTION RULES

Senate Sponsors
Sen. Scott M. Bennett, Heather A. Steans, Thomas Cullerton-Andy Manar-John M. Sullivan-Daniel Biss, William R. Haine-Gary Forby, Chapin Rose, Melinda Bush and Kyle McCarter

Last Action  View All Actions

DateChamber Action
  5/31/2015SenateResolution Adopted; 057-000-000

Synopsis As Introduced
Urges the Federal Energy Regulatory Commission, the Illinois Commerce Commission, and the Illinois Power Agency to independently review the PJM Interconnection LLC and Midwest Independent System Operator capacity auction rules and market design and determine why the rules and market design have not protected Illinois ratepayers from significant increases, investigate whether all auction rules were followed in the most recent PJM and MISO auctions and, if so, to determine whether additional protections are necessary to ensure to protect ratepayers from excessive rates and charges, and independently investigate whether market power was exercised by any auction participants, including the withholding of certain generation assets intended to drive up the clearing price, and whether the market design for capacity auctions allows for the exercise of market power. Urges the Illinois Commerce Commission and the Illinois Power Agency to participate in Federal Energy Regulatory Commission proceedings that will address the design and operation of the capacity market planning processes and auction practices utilized by PJM and MISO and to promote policies in those proceedings that will ensure greater transparency, prevent the exercise of market power by bidders, and to deliver capacity resources to Illinois consumers at the lowest and most stable prices.

Actions 
DateChamber Action
  5/29/2015SenateFiled with Secretary
  5/29/2015SenateReferred to Assignments
  5/30/2015SenateAdded as Co-Sponsor Sen. Heather A. Steans
  5/30/2015SenateAdded as Co-Sponsor Sen. Thomas Cullerton
  5/30/2015SenateAdded as Chief Co-Sponsor Sen. Andy Manar
  5/30/2015SenateAdded as Chief Co-Sponsor Sen. John M. Sullivan
  5/30/2015SenateAssigned to State Government and Veterans Affairs
  5/30/2015SenateWaive Posting Notice
  5/30/2015SenateAdded as Chief Co-Sponsor Sen. Daniel Biss
  5/30/2015SenateBe Adopted State Government and Veterans Affairs; 008-000-000
  5/30/2015SenatePlaced on Calendar Order of Secretary's Desk Resolutions May 31, 2015
  5/31/2015SenateAdded as Co-Sponsor Sen. William R. Haine
  5/31/2015SenateAdded as Chief Co-Sponsor Sen. Gary Forby
  5/31/2015SenateAdded as Co-Sponsor Sen. Chapin Rose
  5/31/2015SenateAdded as Co-Sponsor Sen. Melinda Bush
  5/31/2015SenateAdded as Co-Sponsor Sen. Kyle McCarter
  5/31/2015SenateResolution Adopted; 057-000-000

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