SB2191 Summary

• Amends the Illinois Finance Authority Act to include reduction in heat rate as an energy efficiency measure under clean coal, coal, energy efficiency, and renewable energy project financing provisions.

• Modifies the definition of "Energy Efficiency Project" in Section 825-65 to specify that energy efficiency measures reduce the amount of electricity, natural gas, or heat rate required to achieve a given end use.

• Updates the Illinois Power Agency Act Section 1-10 definitions to include heat rate reduction in the definition of "energy efficiency," aligning it with the Finance Authority Act changes.

• Maintains all existing bond authorization limits ($3 billion aggregate) and financing provisions for clean coal, coal, energy efficiency, and renewable energy projects.

• Takes effect immediately upon becoming law.