Vistra supports the Illinois Coal to Solar & Energy Storage Act (HB 3446 / SB 529) to help the state responsibly transition its sources of electricity toward zero-emission generation.
The Build-out of Renewables (2022 – 2025) will:
Analysis of Dr. David Loomis of Strategic Economic Research, LLC, March 2021
A Just Transition: Good For Energy Workers, The Economy & The Environment
The Act helps facilitate a Just Transition for energy workers and plant communities. Developing $550 million worth of zero-emission generation helps plant communities economically benefit for decades to come.
The market-based transition assistance program allows at-risk plants to provide wage and benefits certainty for employees and allows communities to plan for the future.
A retired coal power plant has practically no taxable value. Reusing plant sites and transforming them into renewable energy centers creates a “renewed” tax base that is an estimated ~350-400% more than current land-only assessments.
Since 2019, Vistra has retired or announced the retirement of six Illinois coal plants prior to or by the end of 2022. Every plant closure treated workers with dignity and respect.
Well on way to meeting goal of reducing emissions from generation– since 2018, 51% less CO2, 51% less NOx, 38% less SO2. Plant sites would transition to zero-emission generation and no coal-fueled generation will remain in operation by 2027.