ANNOUNCEMENT: Stakeholder Workshop Related to REC Contract Payment Deferral Mechanism for DY 2021-2022

On March 3, 2021, the Illinois Power Agency (“Agency”) filed a petition with the Illinois Commerce Commission (”ICC”) for the reopening of Docket No. 19-0995, the proceeding related to the Revised Long-Term Renewable Resources Procurement Plan. This filing demonstrated that due to the widespread project energization delays that resulted from the COVID-19 pandemic, the available renewable portfolio standard (“RPS”) budget for the 2021-2022 delivery year (“DY2021-2022”) could face a funding shortfall. The filing was approved by the Illinois Commerce Commission with modifications on May 27, 2021.

The Agency has announced a stakeholder workshop to be held on August 5, 2021 from 9:30AM-12PM Central Time to discuss a payment deferral mechanism and proposed contract amendments.

Please see announcement here for participation information: click here.