April 16th, 2019

“Dive Brief:

  • Vistra Energy is calling for state lawmakers to pass the Illinois Coal to Solar and Energy Storage Act of 2019, a bill it says will help keep its uneconomic coal plants online another five years while supporting the development of more clean energy.
  • The legislation would repurpose downstate coal plant sites to solar and energy storage, resulting in approximately 500 MW of new renewable generation coming online between 2021 and 2022. It will also help keep at-risk coal plants online through 2024, providing Vistra with up to $140 million annually.
  • The company says the bill will allow time for the state to add new renewable generation and transmission to keep energy reliabile and affordable, but environmental groups say the measure is a “bailout” for unnecessary generation that would otherwise retire years sooner.”

Read full article via Utility Dive.