Bill Title: Creates the Equitable Energy Financing Act. Requires the Illinois Commerce Commission to establish the Equitable Energy Financing Program for all electric utilities in this State to permit customers to finance the construction of energy projects through an optional tariff payable directly through their utility bill. Provides that the Program shall offer to make investments in energy projects to customer properties with low-cost capital and use an opt-in tariff to recover the costs. Provides that the Program will allow residential electric utility customers that own the property, or renters that have a long-term lease on the property, for which they subscribe to utility service, to purchase an energy project. Provides further requirements for the Program and requirements for the Commission concerning the Program. Provides for customer protections and cost-effectiveness requirements under the Program. Provides Program participation requirements for electric utilities in this State. Defines terms. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB2123 Detail]

Text: Latest bill text (Introduced) [HTML]

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