Requires fossil-fueled thermal electric generating facilities of 25-350 MW capacity to implement CO2 mitigation program, including through geologic or non-geologic sequestration.
Implements carbon dioxide mitigation program for thermal electric generating facilities of greater than 350 MW capacity, and allows mitigation through geological carbon sequestration.
Requires permits for geologic CO2 sequestration and creates special revenue account for deposit of permitting fees and directs the Department of Environmental Quality to develop rules for operational standards, monitoring, and maintenance of wells.
Authorizes Illinois Power Agency to “develop, finance, construct, or operate” clean coal power plants and carbon sequestration facilities using Agency bonds.
Provides funds from a ratepayer “Renewable Energy Resources and Coal Technology Development Assistance Charge” for capturing and sequestering CO2 from coal combustion, and supporting research on CCS technology.