The long-negotiated legislation that sets the path for Illinois’ energy future was passed by both chambers of the legislature and awaits the assured signing by Gov. Pritzker. The massive bill provides a bailout to Exelon to keep two “Nuke” plants open and operating in Illinois, as well provisions to allow two coal-fired plants to operate through 2045.
It spends millions on new energy generation using “greener” sources such as wind and solar. There is a subsidy for electric vehicle purchases, unless you live outside the Chicago metro region. Analysts estimate rates will go up for residential and business customers anywhere from 3 percent to 10 percent over the next several years. It also codifies guaranteed jobs for union workers through mandated project labor agreements and prevailing wages on related energy projects. A comprehensive look is here.
