SB2473 — UTIL-TIME-OF-USE PRICING
Last action — Rule 3-9(a) / Re-referred to Assignments
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1Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced February 07, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Creates the Municipal and Cooperative Electric Utility Planning and Transparency Act. Provides that, by November 1, 2025, and by November 1 every 3 years thereafter, all electric cooperatives with members in the State, municipal power agencies, and municipalities shall file with the Illinois Power Agency an integrated resource plan. Sets forth provisions concerning the plan. Amends the Illinois Power Agency Act. Authorizes the Illinois Power Agency to develop capacity procurement plans and conduct competitive procurement processes for the procurement of capacity needed to ensure environmentally sustainable long-term resource adequacy across the State at the lowest cost over time. Amends the Public Utilities Act. Changes the cumulative persisting annual savings goals for electric utilities that serve less than 3,000,000 retail customers but more than 500,000 retail customers for the years of 2025 through 2030. Provides that the cumulative persisting annual savings goals beyond the year 2030 shall increase by 0.9 (rather than 0.6) percentage points per year. Changes the requirements for submitting proposed plans and funding levels to meet savings goals for an electric utility serving more than 500,000 retail customers (rather than serving less than 3,000,000 retail customers but more than 500,000 retail customers). Provides that an electric utility that has a tariff approved within one year of the amendatory Act shall also offer at least one market-based, time-of-use rate for eligible retail customers that choose to take power and energy supply service from the utility. Sets forth provisions regarding the Illinois Commerce Commission's powers and duties related to residential time-of-use pricing. Provides that each capacity procurement event may include the procurement of capacity through a mix of contracts with different terms and different initial delivery dates. Sets forth the requirements of prepared capacity procurement plans. Requires each alternative electric supplier to make payment to an applicable electric utility for capacity, receive transfers of capacity credits, report capacity credits procured on its behalf to the applicable regional transmission organization, and submit the capacity credits to the applicable regional transmission organization under that regional transmission organization's rules and procedures. Makes other changes. Effective immediately.
Bill Text
We don't have the full text on file for this bill yet.
Read SB2473 on the official Illinois source →Action History
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Rule 3-9(a) / Re-referred to Assignments
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Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
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Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
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Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), the following amendments will remain in the Committee on Assignments
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Senate Committee Amendment No. 1 Referred to Assignments
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Senate Committee Amendment No. 1 Filed with Secretary by Sen. Bill Cunningham
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Added as Co-Sponsor Sen. Lakesia Collins
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Rule 2-10 Committee/3rd Reading Deadline Established As May 9, 2025
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Added as Co-Sponsor Sen. Kimberly A. Lightford
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Rule 2-10 Committee Deadline Established As April 11, 2025
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Added as Co-Sponsor Sen. Mary Edly-Allen
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Rule 2-10 Committee Deadline Established As April 4, 2025
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Added as Co-Sponsor Sen. Sara Feigenholtz
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Added as Co-Sponsor Sen. Graciela Guzmán
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Added as Co-Sponsor Sen. Mike Simmons
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Assigned to Energy and Public Utilities
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Added as Co-Sponsor Sen. Laura Fine
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Bill Cunningham
Sponsors
- Bill Cunningham · Primary
- Laura Fine · Cosponsor
- Mike Simmons · Cosponsor
- Graciela Guzmán · Cosponsor
- Sara Feigenholtz · Cosponsor
- Mary Edly-Allen · Cosponsor
- Kimberly A. Lightford · Cosponsor
- Lakesia Collins · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 7 co-sponsors · 175 not signed on
Sponsors (1)
- Bill Cunningham Democrat
Co-sponsors (7)
- Laura Fine Democrat
- Mike Simmons Democrat
- Graciela Guzmán Democrat
- Sara Feigenholtz Democrat
- Mary Edly-Allen Democrat
- Kimberly A. Lightford Democrat
- Lakesia Collins Democrat
Not signed on (175)
175 members have not signed on to this bill.
Show all 175 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB2473 do?
- Creates the Municipal and Cooperative Electric Utility Planning and Transparency Act. Provides that, by November 1, 2025, and by November 1 every 3 years thereafter, all electric cooperatives with members in the State, municipal power agencies, and municipalities shall file with the Illinois Power Agency an integrated resource plan. Sets forth provisions concerning the plan. Amends the Illinois Power Agency Act. Authorizes the Illinois Power Agency to develop capacity procurement plans and conduct competitive procurement processes for the procurement of capacity needed to ensure environmentally sustainable long-term resource adequacy across the State at the lowest cost over time. Amends the Public Utilities Act. Changes the cumulative persisting annual savings goals for electric utilities that serve less than 3,000,000 retail customers but more than 500,000 retail customers for the years of 2025 through 2030. Provides that the cumulative persisting annual savings goals beyond the year 2030 shall increase by 0.9 (rather than 0.6) percentage points per year. Changes the requirements for submitting proposed plans and funding levels to meet savings goals for an electric utility serving more than 500,000 retail customers (rather than serving less than 3,000,000 retail customers but more than 500,000 retail customers). Provides that an electric utility that has a tariff approved within one year of the amendatory Act shall also offer at least one market-based, time-of-use rate for eligible retail customers that choose to take power and energy supply service from the utility. Sets forth provisions regarding the Illinois Commerce Commission's powers and duties related to residential time-of-use pricing. Provides that each capacity procurement event may include the procurement of capacity through a mix of contracts with different terms and different initial delivery dates. Sets forth the requirements of prepared capacity procurement plans. Requires each alternative electric supplier to make payment to an applicable electric utility for capacity, receive transfers of capacity credits, report capacity credits procured on its behalf to the applicable regional transmission organization, and submit the capacity credits to the applicable regional transmission organization under that regional transmission organization's rules and procedures. Makes other changes. Effective immediately.
- Who sponsors SB2473 ?
- SB2473 is sponsored by Bill Cunningham (Democrat), Laura Fine (Democrat), Mike Simmons (Democrat), Graciela Guzmán (Democrat), Sara Feigenholtz (Democrat), Mary Edly-Allen (Democrat), Kimberly A. Lightford (Democrat), and Lakesia Collins (Democrat).
- What is the current status of SB2473 ?
- This bill has been introduced in the Senate. Introduced February 07, 2025. It must pass committee before a floor vote.
- Where can I track SB2473 ?
- Track SB2473 free on One Click Politics — get push/email alerts when it moves.
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