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 imminent closure.
A closed power plant provides virtually no economic benefit and provides no taxable value for the local community.
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.
PRESERVATION OF LOCAL TAX BASE
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. The company recognizes that agreements may need to be negotiated individually or further addressed through the legislation.