HB3042 Summary

• Creates the Energy and Environmental Security Act to establish the Illinois Qualified Clean Coal Technology Grant Program administered by the Department of Commerce and Economic Opportunity.

• Defines "Qualified Clean Coal Facility" as an electric generating facility using U.S. high volatile rank bituminous coal with emissions factor of less than 210 pounds of carbon dioxide per million BTU.

• Authorizes grants up to $500,000,000 per recipient to fund capital projects, operating activities, contractual expenses, and fees enabling facilities to meet qualified clean coal standards and comply with state and federal emissions requirements.

• Creates the Clean Coal Technology Development and Utilization Fund as a special state treasury fund to provide grant funding, with payments distributed over one-time or up to 5-year periods based on contract terms.

• Grant contracts must include specific performance objectives, expenditure tracking, audit provisions, cost caps, and repayment requirements if performance targets are not achieved.