SB2095 - Illinois: Business, Energy, Utilities

UTILITIES-NUCLEAR DECOMMISSION Amends the Public Utilities Act. Requires at least 15% of a nuclear decommissioning trust's funds to be invested in Illinois-based companies whose businesses are primarily devoted to (A) developing new technologies for producing or storing renewable energy or (B) reducing electricity usage. Provides an exception if a nuclear power plant is actively being decommissioned. Provides that an investment of the funds in a nuclear decommissioning trust fund shall be deemed prudent if it meets the prudent investor standards under specified federal regulations. Senate Committee Amendment No. 1 Deletes everything after the enacting clause. Reinserts the contents of the introduced bill with the following changes. Provides that a percentage that shall increase each year for 5 years after the effective date of the amendatory Act, at a maximum of 3% or $2,000,000 (rather than at least 15%), of the trust's funds must be invested in Illinois-based [...]

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