SB2258: THERMAL ENERGY JOBS ACT

Legislative Summary

Provides that the amendatory Act may be referred to as the Thermal Energy Network and Jobs Acts. Sets forth a statement of legislative findings and intent. Amends the Public Utilities Act. Defines "thermal energy" and "thermal energy network". Requires the Illinois Commerce Commission to initiate a proceeding within 6 months after the effective date of the amendatory Act to support the development of pilot thermal energy networks. Provides that within 10 months after the effective date of the amendatory Act, every gas public utility, electric public utility, or combination public utility serving over 100,000 customers shall file with the Commission a petition seeking Commission-approval of at least one and no more than 3 proposed pilot thermal energy network projects. Requires every gas public utility, electric public utility, or combination public utility constructing or operating a Commission-approved pilot thermal energy network project to report to the Commission, on a quarterly basis and until completion of the pilot thermal energy network project, the status of each pilot thermal energy network project. Requires every gas public utility, electric public utility, or combination public utility constructing or operating a Commission-approved pilot thermal energy network project to demonstrate that it has entered into a labor peace agreement with a bona fide labor organization that is actively engaged in representing its employees. Requires the Commission to adopt specified rules within 4 years after the completion of the construction of all thermal energy network projects. Provides that a gas public utility, electric public utility, or combination public utility required to develop a pilot thermal energy network project shall be permitted to recover all reasonable and prudently incurred costs associated with the development, construction, and operation of one or more pilot thermal energy network projects through general rates or through rates set in a Multi-Year Rate Plan. Makes other changes. Effective immediately.