Low carbon standard passes Ill. Senate committee

first_img Vietnam: scaling back coal-fired plans toward gas, renewables Low carbon standard passes Ill. Senate committee The Illinois Senate Energy and Public Utilities Committee passed Senate Bill 1585, which establishes a Low Carbon Portfolio Standard. The standard would require utilities ComEd and Ameren (NYSE: AEE) to buy low carbon energy credits to match 70 percent of the electricity used on the power grid. It would allow all low carbon generating sources to compete equally, including wind, solar, hydro, clean coal and nuclear. Suitors for halted Bellefonte nuclear project ask TVA to consider climate in reviving sale Facebook Subscribe to Nuclear Power International magazine The proposal also has protections for consumers, including a consumer price cap that would limit the impact to a 2.015 percent increase, or about $2 a month more on the average customers’ electricity bill. Four state agencies proposed the rule in a report in January stating the impacts of closing down three of the states’ six nuclear power plants. The six plants generate nearly half of Illinois’ electricity and 90 percent of its carbon free power. Shutting down three of them – Clinton, Quad Cities and Byron – could result in an annual loss of $1.8 billion, 8,000 lost jobs, and cost as much as $500 million in increased energy costs statewide, the report said. By chloecox – An Illinois Senate committee passed a bill that would establish a low carbon standard that would help the state’s nuclear power plants. Twitter EmissionsAir Pollution Control Equipment ServicesCoalClean Coal TechnologiesRenewablesHydroelectricNuclearPolicy & RegulationsReactorsSolarWind Linkedin RELATED ARTICLESMORE FROM AUTHOR Voith Hydro supplying pumped storage equipment to pair with Idaho combined solar-wind project Critics have called the standard a “bailout” for Exelon (NYSE: EXC), saying the company is making a profit and does not need the help. Linkedin 3.27.2015 Previous articleSan Diego considers hydropower projectNext articleReport: Global wind power installations increased by 42% in 2014 chloecox Facebook TAGSComEd Twitter No posts to displaylast_img read more