SB1610 Summary

• Amends Section 16-111.5 of the Public Utilities Act to add oversight mechanisms for zero emission credit pricing procured by the Illinois Power Agency.

• Requires the Illinois Commerce Commission to conduct quarterly reviews of zero emission credit prices to ensure utilities recover only unrecovered plant costs based on market sales and pricing.

• Mandates rebidding of the zero emission credit program if a plant shows profit for more than one year, with authority for the Illinois Power Agency to expand eligible zero emission generation sources.

• Authorizes the Commission to revoke zero emission credit qualification from any nuclear plant found to have received excessive earnings through zero emission credit compensation.

• Allows the Commission to initiate docketed proceedings to reconcile zero emission credit payments with allowed costs.