Bill To Free Up Solar Power Funds Passes – Chicagotribune.com

Solar bill

The bill passed easily in both chambers and will allow Illinois to purchase solar power until a more permanent solution is presented to fix the state’s broken renewable portfolio standard. If signed into law, the Illinois Power Agency would tap $30 million in an account funded by consumers to be spent on new and existing solar energy projects in the state. A glitch in the wording of the state law has prevented solar power from being bought for Illinois electric customers even though they have paid $53 million into the fund. An additional $80 million is expected by fall, according to Illinois Power Agency Director Anthony Star. The law allows the money only to be spent when power is purchased for ComEd and Ameren Illinois customers. But those utilities have more power than they need because most of their customers fled for cheaper alternative suppliers.
For the primary comprehensive resource, take a look at http://www.chicagotribune.com/business/breaking/chi-solar-power-fund-bill-20140530,0,1263685.story

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