IL SB3234

Amends the Environmental Protection Act to narrow the definition of "equity investment eligible community" for greenhouse gas emission reduction requirements affecting nearby power plants.

Requires that equity investment eligible communities must have been designated by the Restore, Reinvest, and Renew (R3) Program Board as of January 11, 2024.

Adds a requirement that qualifying communities must be located in an R3 Area established under the Cannabis Regulation and Tax Act.

Affects emission reduction deadlines for electric generating units and large greenhouse gas-emitting units that use gas as fuel and are located within 3 miles of these communities.

Non-public gas-fired units near qualifying communities with high NOx (>0.12 lbs/MWh) or SO2 (>0.006 lb/MWh) emission rates must reduce CO2e and copollutant emissions to zero by January 1, 2030.