HB2875 - THERMAL ENERGY NETWORK

10 Co-Sponsors

Reinserts the provisions of the introduced bill with the following changes: Makes changes to legislative findings. Provides that the Illinois Commerce Commission shall initiate a proceeding within 6 months (rather than 3 months) after the effective date of the amendatory Act to support the development of pilot thermal energy networks. Provides that within 12 months (rather than 3 months) after the effective date of the amendatory Act, any gas public utility, electric public utility, or combination public utility serving over 100,000 customers shall file with the Commission a petition seeking Commission approval of at least one and no more than 3 proposed pilot thermal energy network projects. Provides that a gas public utility, electric public utility, or combination public utility required to develop any pilot thermal energy network project shall be permitted to recover all reasonable and prudently incurred costs associated with the development, construction, and operation of one or more pilot thermal energy network projects through general rates. Removes provisions amending the Illinois Power Agency Act. Makes other changes. Effective immediately.