IL legislators weigh energy policy some say will increase costs

IL legislators weigh energy policy some say will increase costs

Spread the love

(The Center Square) – Illinois’ energy landscape continues to evolve as the state works to usher in industries that draw a lot of power.

In the southside of Chicago Tuesday, Gov. J.B. Pritzker and others broke ground on the PsiQuantum facility at the Illinois Quantum and Microelectronics Park.

“Quantum has the potential to help solve some of humanity’s greatest challenges in national security, artificial intelligence, pharmaceuticals, energy, finance, and beyond,” Pritzker said.

Pritzker’s office touts $700 million of taxpayer investment in the park and in supporting other quantum projects, a move the office said “cemented Illinois’ leadership nationally, attracted federal research dollars and laid the foundation” for Tuesday’s groundbreaking.

Quantum, along with AI, data centers and electric vehicles are expected to create more demand for Illinois energy at a time of increased energy demand and costs.

During a more than four hour virtual hearing Thursday, the Illinois Senate Energy and Public Utilities Committee heard an amendment to a sweeping energy bill that focuses on renewables. State Sen. Sue Rezin, R-Morris, said wind, solar and battery storage isn’t going to cut it.

“The reality of what we’re facing in the future, with the need to put power on quickly and the cheapest way, is not going to fit within what you’re telling us,” Rezin said.

Rezin warned the sweeping measures in the latest amendment to Senate Bill 25 will only increase consumer costs.

“The caps are off, which allows you to build everything out, the wind and the solar and the battery, which is expensive. So the rates are going to go up,” Rezin said.

Rates have already gone up. According to the Citizens Utility Board, ComEd’s new electricity price has fallen a bit since the summer, but it is still about 47% higher than it was last October. While Ameren’s price dropped more than 30%, CUB urged all utility customers to review their bills.

Illinois Farm Bureau’s Bill Bodine said they oppose the proposed amendment for reasons including lack of local control for siting battery storage facilities.

“There’s a few, beneficial changes we think are included in the bill, but unfortunately, it creates too many concerns, and we do have to oppose it,” he said.

Legislators return to Springfield for fall veto session beginning Oct. 14.

Events

No events

Leave a Comment





Latest News Stories

House passes government funding patch, sending over to Senate

House passes government funding patch, sending over to Senate

By Thérèse BoudreauxThe Center Square Right before recessing for the Rosh Hashanah holiday, U.S. House lawmakers passed Friday a short-term Continuing Resolution to postpone the Sept. 30 government shutdown deadline....
Illinois quick hits: ICE protests in Broadview; Edgar funeral services this weekend

Illinois quick hits: ICE protests in Broadview; Edgar funeral services this weekend

By Jim Talamonti | The Center SquareThe Center Square ICE protests in Broadview Protesters clashed with federal officials Friday morning outside the U.S. Customs and Immigration Enforcement facility in the...
WATCH: Pritzker’s office ‘troubled’ by ‘peacekeeper’ photo; 2 years of cashless bail

WATCH: Pritzker’s office ‘troubled’ by ‘peacekeeper’ photo; 2 years of cashless bail

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares the reaction...
Will GOP act on $124B in Medicare insurance fraud?

Will GOP act on $124B in Medicare insurance fraud?

By Chris Dickerson | Legal NewslineThe Center Square Earlier this year, UnitedHealthcare acknowledged it is under federal investigation over accusations is defrauded Medicare Advantage through multiple billions of dollars in...
What a terrorist designation could mean for Antifa

What a terrorist designation could mean for Antifa

By Morgan SweeneyThe Center Square President Donald Trump declared Antifa a terrorist organization on Wednesday, describing them as a “sick, dangerous, radical left disaster;” however, it’s unclear at this time...
WATCH: Report says national student debt is over $1.6 trillion

WATCH: Report says national student debt is over $1.6 trillion

By Esther WickhamThe Center Square The college student loan balance in the United States is $1.66 trillion, according to a WalletHub report. To determine the best and worst states with...
DOJ sues health plan that got almost $3.5 billion from Feds

DOJ sues health plan that got almost $3.5 billion from Feds

By Dave MasonThe Center Square The U.S. Attorney’s Office for the Central District of California is suing a health insurance plan for allegedly violating the public’s trust at taxpayers’ expense....
Bill blocks Federal Reserve members' dual appointments

Bill blocks Federal Reserve members’ dual appointments

By Zachery SchmidtThe Center Square Federal Reserve board members would not be able to hold dual positions appointed by the president if U.S. Sen. Ruben Gallego’s new bill becomes law....
Lawmakers call for changes to cashless bail as Illinois faces federal funding loss

Lawmakers call for changes to cashless bail as Illinois faces federal funding loss

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Statehouse Republicans are calling for reform of the Pretrial Fairness Act as Illinois faces the potential loss...
Illinois quick hits: Unemployment down; Rivian supplier gets tax incentives

Illinois quick hits: Unemployment down; Rivian supplier gets tax incentives

By The Center SquareThe Center Square Unemployment down The unemployment rate in Illinois has dropped to its lowest point since July 2023. The Illinois Department of Employment Security announced the...
Pritzker’s office ‘extremely troubled’ by photo with suspect ‘peacekeeper’

Pritzker’s office ‘extremely troubled’ by photo with suspect ‘peacekeeper’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Officials from the governor’s office say they were “extremely troubled” to learn that a man that Gov....
Pritzker touts quantum future, state senator urges caution for taxpayers

Pritzker touts quantum future, state senator urges caution for taxpayers

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker is touting Illinois as a destination for quantum computing companies, but a state senator...
WATCH: Pritzker on Kimmel suspension; SNAP error rate alarms; hemp regulations loom

WATCH: Pritzker on Kimmel suspension; SNAP error rate alarms; hemp regulations loom

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares Illinois Gov....
Temporary Rockford Courthouse fence sparks debate over security and costs

Temporary Rockford Courthouse fence sparks debate over security and costs

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – A temporary fence surrounding the federal courthouse in downtown Rockford, Illinois is drawing sharp criticism and...
Illinois quick hits: Report: Suspect pictured with Pritzker; more immigration arrests

Illinois quick hits: Report: Suspect pictured with Pritzker; more immigration arrests

By Jim Talamonti | The Center SquareThe Center Square Report: Suspect pictured with Pritzker Less than a week before a smash-and-grab burglary led to a fatal wreck on Chicago’s Magnificent...