SB 3929

Amends the Illinois Power Agency Act. Provides that it is the policy of the State to rapidly transition to 100% clean energy by 2060 (rather than 2050). Amends the Public Utilities Act. In provisions relating to performance incentives and metrics for electric utilities designed to encourage those utilities to support and facilitate the State's clean energy transition, extends timelines by 10 years from existing statutory dates to allow for competitive market development and cost declines. Amends the Environmental Protection Act. Provides that all electricity generating units and large greenhouse gas-emitting units that use coal or oil as a fuel and are not public GHG-emitting units shall permanently reduce all CO2e and co-pollutant emissions to zero no later than January 1, 2040 (rather than 2030). Further provides that All EGUs and large greenhouse gas-emitting units that use coal as a fuel and are public GHG-emitting units shall permanently reduce CO2e emissions to zero no later than December 31, 2055 (rather than 2045). Provides that if the emissions reduction requirement is not achieved by December 31, 2045 (rather than 2035), the plant shall retire one or more units or otherwise reduce its CO2e emissions by 45% from existing emissions by June 30, 2048 (rather than 2038). Provides that no later than January 1. 2050 (rather than 2040) all EGUs and large greenhouse gas-emitting units that have a NOx emission rate of greater than 0.12 lbs/MWh or a SO2 emission rate greater than 0.006 lb/MWh, and are not located in or within 3 miles of an environmental justice community designated as of January 1, 2021 or an equity investment eligible community shall permanently reduce all CO2e and co-pollutant emissions to zero, including through unit retirement or the use of 100% green hydrogen or other similar technology that is commercially proven to achieve zero carbon emissions.