The Illinois Power Agency Act allows the agency to develop, finance, construct or operate power generation facilities that use Illinois coal or renewable resources or both, but gives preference to plants that enable carbon capture and sites in locations where the geology is suitable for carbon sequestration.
Not less than 50 percent of the funds collected monthly from rate payers through the Renewable Energy Resources and Coal Technology Development Assistance Charge will be used in the Coal Technology Development Assistance Fund -- a fund set up for the exclusive purposes of capturing or sequestering carbon emissions produced by coal combustion as well as supporting research on the capture and sequestration of carbon emissions produced by coal combustion.
