ILLINOIS REGULATOR APPROVES FUTUREGEN 2.0 POWER PURCHASES
(The following is a reformatted version of a press release issued by the Illinois Commerce Commission and received via electronic mail. The release was confirmed by the sender.)
News from the Illinois Commerce Commission 527 East Capitol Avenue, Springfield, IL 62701
FOR IMMEDIATE RELEASE December 19, 2012
ICC Approves 2013 IPA Procurement Plan; Includes FutureGen 2.0 Sourcing Agreement
As part of an annual process under the Illinois Power Agency Act, the Illinois Commerce Commission entered an Order today approving the Illinois Power Agency’s 2013 procurement plan. Among the key revisions of the plan were new provisions approving a sourcing agreement with FutureGen 2.0, a retrofit clean-coal project scheduled for development near Meredosia in Morgan County. The sourcing agreement requires the state’s electric utilities to purchase electricity from FutureGen 2.0 for 20 years, with the utilities then permitted to collect costs for the project on a pro rata basis from alternative retail electric suppliers.
While the FutureGen 2.0 facility is not expected to be ready to generate electricity until 2017, the sourcing agreement approved today moves the state forward in complying with Illinois Clean Coal Portfolio Standard, which states as a goal that 25 percent of the state’s electricity should come from clean coal by 2025. Due to the rapid increase in the number of customers buying their electricity supply from alternative suppliers rather than through the utilities, the IPA plan did not call for any additional power to be purchased for 2013-2014 to serve ComEd and Ameren customers. More than 1.5 million residential customers now have chosen to purchase their electricity supply from alternative suppliers on their own or through municipal aggregation measures.
The Commission’s Order also approved an Illinois Power Agency proposal for using renewable energy standard compliance payments collected from hourly rate customers for payment on 20-year renewable energy contracts entered into in 2010. This proposal was unopposed in the IPA Procurement Plan proceeding. The Illinois Power Agency’s 2013 plans included using alternative compliance payments, collected from alternative retail electric suppliers, to pay down existing long-term renewable energy contracts.
Contact: Beth Bosch 217-782-5793