Here are the details. The most significant part is:
Illinois Power Agency (IPA)
- replaces reverse auction
- independent agency, not utilities, control purchase of electricity
- IPA can build plants, or enter into agreements with private or governmental entities, to build plants and sell electricity at cost to governmental aggregators, municipalities, co-ops
- preference for (1) new clean-coal technology that captures carbon; (2) renewable energy facilities; and (3) plants that use Illinois coal
- construction of Illinois plants, using Illinois coal and indigenous renewable resources, means jobs
- encourages aggregated purchasing by municipalities on behalf of residents
Of course, that part will also be the most underreported.
I am also astonished (although I shouldn't be...) at the unmitigated gall of Senate President Emil Jones flying around the state to take credit for this, after spending six months doing everything in his power to try and kill it. Of
(Hat tip: CapFax)
Are we creating a new gov't agency to "handle" this problem (the IPA)? I guess we'll see how it works, but I am not excited about it so far.
According to the IL General Assembly's web site, the bill establishing the "IPA " will allow it a great amount of authority including powers of eminent domain and quick take. Enjoy your back yards and open prairies while you have them. I would also expect industry insiders to staff this new branch of Illinois government. I wonder how it will be funded? Too bad, another layer of (and most likely corrupt) state government to suck more of our tax dollars dry.
Don't worry they won't go crazy, as we speak a BP refinery in Michigan has received all the necessary ok’s to add a 8 Billion dollar addition to make more gas, which will help our economy and Daley and the Democrats environmental friends are fighting it.
You seem confused Run4cvrlib, it appears me as though this energy deal is not about gasoline or Michigan.
Oil Man, no I am not confused, maybe you should find another name to go by? I don’t think my point was that hard to understand. My point is anytime you start another regulatory body they are going to find something to regulate and my example was just how bad it is all ready with out adding another government agency to help make it worse.
I have always believed that any refinery or energy production facility should have a two tiered discount system for the surrounding area's end users. (end users to include consumers and businesses that consume or reprocess, but not just resell with or without repackaging)
First tier is the potentially affected (polution, traffic, etc.) immediate area.
Second tier is stretching the first tier to the next political election boundaries. (probably counties, but maybe townships)
This would allow supporting elected officials to offer to their constituencies not just the local jobs with energy prodution / refining, not just the lowered energy costs that has been brought into the area for the voters, but also jobs from businesses that move into the area to gain the benefits of those lowered costs for their own business models.
Thank you for your clarification Run4cvrlib. Since I predominiately deal with facts and their relationship to operations, I found It difficult to see your point given the BP Michigan refinery example you cited on an Illinois Power Authority post.
I understand Oil Man, However I wouldn't hold out any hope for facts when discussing a government agency.
Run,
You're not making much sense.
As for the new gov't agency, it can't be any worse than the 'free market' boondoggle that led to all of these problems in the first place.
Oh ok and I don't make sense.