Public Act 102-0662, the Climate and Equitable Jobs Act, was signed into law and became effective on September 15, 2021. The IPA Act, as amended by Public Act 102-0662 (the “Act” or “IPA Act”), establishes two procurement events for renewable energy credits (“RECs”) from new renewable energy facilities installed at or adjacent to the sites of electric generating facilities in Illinois that burn or burned coal as their primary fuel source for the portfolios of Ameren Illinois Company (“AIC”) and Commonwealth Edison Company (“ComEd”). The eligibility criteria for selection of suppliers of RECs in the procurement events is provided in Section 1-75(c-5) of the IPA Act.
Pursuant to the IPA Act, the IPA, in conjunction with the Procurement Administrator, the Companies and potential applicants for contracts under the procurement events will develop a standard form contract for the sale, delivery and purchase of RECs. Potential applicants are invited to submit an Expression of Interest Form to be contacted by the Procurement Administrator with additional information for participation in the standard form contract development process scheduled to begin in January 2022.
The Expression of Interest Form must be submitted to the Procurement Administrator by email to Illinois-RFP@nera.com by 6PM CPT on Wednesday, January 5, 2022.