IL HB5780

Creates the Illinois Regional Generation Reliability Task Force to monitor reliability of the Illinois power grid, with 21 members including state legislators, labor representatives, energy industry representatives, and state agency directors.

Task Force shall identify policies affecting grid reliability, develop performance standards, compile best practices from other states, assess proposed policies' costs and benefits, and provide annual reports to the General Assembly starting April 1, 2023.

Establishes the Carbon Capture Infrastructure Fund as a special fund in the state treasury, administered by the Illinois Power Agency to award grants to carbon-producing power plants for constructing new carbon capture storage systems.

Transfers $10,000,000 from the Illinois Power Agency Renewable Energy Resources Fund to the Carbon Capture Infrastructure Fund for carbon capture infrastructure grants.

Takes effect immediately upon becoming law.