Numerous power plants across central and southern Illinois are approaching the end of their useful economic life and have either recently closed or are at-risk of accelerated closure.

A closed power plant provides virtually no economic benefit and provides no taxable value for the local community.

The innovative Coal to Solar framework facilitates action and reinvestment at Vistra’s plant sites in central and southern Illinois, ensuring they can remain the economic engines for decades to come, providing a responsible and just transition for plant communities.

By allowing Vistra to reinvest in and repurpose the legacy fleet to harness the benefits of renewable energy, the state will extend the economic life and property tax value of the plants for generations to come.

COMMUNITY SCORECARD: NO PLANT COMMUNITY LEFT BEHIND

Legacy Plant Utility-Scale Solar Energy Storage Proposed Capital Investment
Baldwin 68 MW   9 MW ~$94M
Coffeen 44 MW   6 MW ~$63 M
Duck Creek 20 MW   3 MW ~$30 M
Edwards * 37 MW ~$47 M
Havana 37 MW ~$47 M
Hennepin 50 MW   6 MW ~$70M
EEI/Joppa ** 37 MW ~$47 M
Kincaid 60 MW   8 MW ~$85 M
Newton 52 MW   7 MW ~$75 M

*Edwards closing in 2022 pursuant to previously negotiated agreement.
** EEI/Joppa is closing in 2022 pursuant to an agreement reached with the Sierra Club.

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INVESTMENTS SUPPORT PRESERVATION OF LOCAL TAX BASE:

Vistra is committed to the transition away from carbon-intense generation, but recognizes that plant retirements have a detrimental impact on energy workers and plant communities.

Vistra supports our dedicated energy workers through this transition and is committed to an orderly and transparent plant retirement process.

It is Vistra’s goal to find solutions for each plant community that allow for the preservation of local property taxes, to the extent economically feasible. Vistra’s modeling suggests the renewed plant sites will provide a 350 – 400% increase in taxable property value for local communities compared to closed plant land values.

BUILDING A BRIGHTER FUTURE IN LOCAL COMMUNITIES

To ease the transition, Vistra offered plant communities impacted by 2019 closures an aggregate three-year $6.73 million tax agreement.

After a settlement accelerated the closure of the Joppa Power Plant to 2022, Vistra committed to $1.1 million to the local community.

Vistra is committed to repurposing its legacy plant sites to help plant communities participate and economically benefit from the transition to zero-emission electricity generation.

The following table represents Vistra’s commitment to responsible retirements that help communities deal with the fiscal impact of a plant closure: