Public Accountability Report
Illinois Power Agency
(Appropriated Spending in Thousands)
| FY |
FY |
|||
|---|---|---|---|---|
| Reporting Programs | Expenditures | Headcount | Expenditures | Headcount |
| Electricity, Renewable Resources, Clean Coal Resource, and Photovoltaic REC Procurement | $ 53,861.3 | 45.0 | $ 35,325.6 | 38.0 |
| Totals | $ 53,861.3 | 45.0 | $ 35,325.6 | 38.0 |
Amounts may not sum to total due to rounding.
Agency Narrative
The Illinois Power Agency Act provides Illinois eligible retail electric consumers with adequate, reliable, affordable, efficient, and environmentally sustainable electric service at the lowest total cost over time. To that end, the Illinois Power Agency (“IPA”) is required by statute to develop electricity procurement plans to ensure electric service at the lowest total cost, taking into account any benefits of price stability.
The electricity procurement plan is updated on an annual basis. The calendar year 2023 Procurement Plan was approved by the Illinois Commerce Commission in December 2022, and included the procurement of energy resources for Ameren Illinois, ComEd, and MidAmerican Energy. Those procurements took place in February, April, and September 2023. The calendar year 2024 Procurement Plan was approved by the Illinois Commerce Commission in December 2023, and included the procurement of energy resources for Ameren Illinois, ComEd, and MidAmerican Energy. Those procurements took place in April, May, and September 2024.
To support the Illinois Renewable Portfolio Standard, the Agency develops a Long-Term Renewable Resources Procurement Plan, which is updated every two years. The 2024 Long-Term Renewable Resources Procurement Plan was released for stakeholder feedback in August, 2023 and approved by the Illinois Commerce Commission in February, 2024. The Agency conducted competitive procurement for new utility-scale wind and solar projects and for brownfield site solar projects in December 2023 and July 2024, administered the Adjustable Block Program to support the development of solar projects for Illinois homes and businesses, the Illinois Solar for All Program to support the development of solar projects for low-income households and communities, the Large Customer Self-Direct Program to support encourage very large electrical customers to procure and retire Renewable Energy Credits sourced through private long-term contracts, and the Minimum Equity Standard to support creating an equitable workforce for the clean energy economy.
