Illinois General Assembly - Bill Status for SB1442

Creates the Illinois Rust Belt to Green Belt Pilot Program Act. Creates the Illinois Rust Belt to Green Belt Fund as a special fund in the State treasury and makes a conforming change in the State Finance Act. Provides that the Fund shall be used by the Department of Commerce and Economic Opportunity to encourage and facilitate the employment of construction workforces located in underrepresented populations. Provides that applicants that are applying for a new utility-scale offshore wind project with the Illinois Power Agency shall file with the Department, as part of the applicant's application, an equity and inclusion plan. Amends the Illinois Power Agency Act. In provisions concerning the procurement of renewable energy credits, provides that in addition to the amount of renewable energy credits to be procured from wind projects, the Illinois Power Agency shall procure at least 700,000 renewable energy credits, delivered annually for at least 20 years, from one new utility-scale offshore wind project. In provisions concerning the development of a long-term renewable resources procurement plan, provides that the total of renewable energy resources procured under the procurement plan 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, and to no more than 4.5% of that amount as of the billing month following the expected date that a new utility-scale offshore wind project commences commercial operations and is expected to begin delivering power to the PJM Interconnection, LLC transmission grid. Provides that the Agency shall conduct at least one new utility-scale offshore wind procurement within 360 days after the effective date of the amendatory Act. Defines terms. Makes other changes. Effective immediately.

Date	Chamber	Action
2/11/2025	Senate	Assigned to Energy and Public Utilities

Date	Chamber	Action
1/31/2025	Senate	Filed with Secretary by Sen. Robert Peters
1/31/2025	Senate	First Reading
1/31/2025	Senate	Referred to Assignments
2/11/2025	Senate	Assigned to Energy and Public Utilities
3/21/2025	Senate	Rule 2-10 Committee Deadline Established As April 4, 2025
4/4/2025	Senate	Rule 2-10 Committee Deadline Established As April 11, 2025
4/11/2025	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 9, 2025