SB2473 - 104th General Assembly (2025-2026)

UTIL-TIME-OF-USE PRICING
Last Action

6/02/2025 - Senate: Rule 3-9(a) / Re-referred to Assignments
Statutes Amended In Order of Appearance

Synopsis As Introduced

Creates the Municipal and Cooperative Electric Utility Planning and Transparency Act. Provides that, by November 1, 2025, and by November 1 every 3 years thereafter, all electric cooperatives with members in the State, municipal power agencies, and municipalities shall file with the Illinois Power Agency an integrated resource plan. Sets forth provisions concerning the plan. Amends the Illinois Power Agency Act. Authorizes the Illinois Power Agency to develop capacity procurement plans and conduct competitive procurement processes for the procurement of capacity needed to ensure environmentally sustainable long-term resource adequacy across the State at the lowest cost over time. Amends the Public Utilities Act. Changes the cumulative persisting annual savings goals for electric utilities that serve less than 3,000,000 retail customers but more than 500,000 retail customers for the years of 2025 through 2030. Provides that the cumulative persisting annual savings goals beyond the year 2030 shall increase by 0.9 (rather than 0.6) percentage points per year. Changes the requirements for submitting proposed plans and funding levels to meet savings goals for an electric utility serving more than 500,000 retail customers (rather than serving less than 3,000,000 retail customers but more than 500,000 retail customers). Provides that an electric utility that has a tariff approved within one year of the amendatory Act shall also offer at least one market-based, time-of-use rate for eligible retail customers that choose to take power and energy supply service from the utility. Sets forth provisions regarding the Illinois Commerce Commission's powers and duties related to residential time-of-use pricing. Provides that each capacity procurement event may include the procurement of capacity through a mix of contracts with different terms and different initial delivery dates. Sets forth the requirements of prepared capacity procurement plans. Requires each alternative electric supplier to make payment to an applicable electric utility for capacity, receive transfers of capacity credits, report capacity credits procured on its behalf to the applicable regional transmission organization, and submit the capacity credits to the applicable regional transmission organization under that regional transmission organization's rules and procedures. Makes other changes. Effective immediately.
Actions

DateChamberAction
2/07/2025SenateFiled with Secretary by Sen. Bill Cunningham
2/07/2025SenateFirst Reading
2/07/2025SenateReferred to Assignments
2/18/2025SenateAdded as Co-Sponsor Sen. Laura Fine
3/04/2025SenateAssigned to Energy and Public Utilities
3/06/2025SenateAdded as Co-Sponsor Sen. Mike Simmons
3/11/2025SenateAdded as Co-Sponsor Sen. Graciela Guzmán
3/19/2025SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
3/21/2025SenateRule 2-10 Committee Deadline Established As April 4, 2025
4/04/2025SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
4/04/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
4/10/2025SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
4/11/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 9, 2025
4/23/2025SenateAdded as Co-Sponsor Sen. Lakesia Collins
5/05/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Bill Cunningham
5/05/2025SenateSenate Committee Amendment No. 1 Referred to Assignments
5/06/2025SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), the following amendments will remain in the Committee on Assignments
5/09/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
6/02/2025SenateRule 3-9(a) / Re-referred to Assignments