HB2801 Summary

• Creates the Inter-Agency Report on Decarbonization and Economic Opportunities Act requiring four state agencies to jointly develop a broad-based policy approach for decarbonizing Illinois' electric sector.

• Directs the Department of Commerce and Economic Opportunity, Illinois Commerce Commission, Illinois Environmental Protection Agency, and Illinois Power Agency to design specific programs for decarbonization.

• Establishes a goal to phase out polluting power plants by 2030 while ensuring decarbonization efforts are just and equitable.

• Aims to create new economic opportunities across Illinois as part of the decarbonization transition.

• Takes effect immediately upon becoming law.