The Next Generation Energy Plan (NGEP) will save and create thousands of jobs, deliver clean energy and jumpstart solar development in Illinois, and provide for $1B in low-income programs. It also enjoys bipartisan, statewide support from legislators, labor leaders, low-income advocates, and community leaders. Specifically, the NGEP will accomplish these goals by introducing a Zero Emission Standard – a targeted and innovative solution focused on at-risk nuclear plants – as well as nearly doubling energy efficiency programs in northern Illinois, committing $140 million in new funding for solar development, and creating a new solar rebate to incentivize solar generation in a smarter way than current policies. Each of these strategies will drive Illinois’ clean energy future and strengthen the state’s economy. The NGEP will: Nearly double energy efficiency programs to create $4.1 billion in energy savings, or the equivalent of taking 18 million cars off the road. Provide $1 billion of funding for low-income assistance, mostly through energy efficiency. Jumpstart solar energy in Illinois with rebates and more than $140 million per year in new funding for solar development. $ Enhance the reliability and security of the power grid. Introduce a Zero Emission Standard, Reduce the fixed customer charge keeping the state’s at-risk, zero-carbon for energy delivery by 50% and nuclear facilities operating, saving 4,200 create equitable rates, giving jobs, preventing large increases in electric customers more control over rates, preserving over $1.2 billion in their bills. economic activity annually, and preventing a dramatic increase in carbon emissions. Strengthen and expand the Renewable Portfolio Standard to provide stable, predictable funding for renewable development. Create thousands of new clean energy jobs through energy efficiency programs, energy innovation, and renewable energy. Achieving Shared Goals In the course of strong, ongoing discussions with the Clean Jobs Coalition over the last 8 months, ComEd and Exelon Generation found significant common ground with environmentalists and consumer advocates. By providing for the following, the NGEP largely reflects the Clean Jobs’ Coalitions goals: Strengthening and Expanding the Renewable Portfolio Standard, creating stable, predictable funding for renewable energy resources Jumpstarting solar development in Illinois by creating rebates to reduce up-front costs and creating at least $140 million per year in new funding for solar development Nearly doubling energy efficiency while allowing for third-party administration of some programs, changing goals to account for “cumulative, persistent” savings, and creating $50 million per year in energy efficiency spending for low-income customers Positioning Illinois to ensure the state meets its carbon-reduction goals as outlined in the EPA’s Clean Power Plan R E S P O N D I N G & C R E AT I N G N E W VA LU E Discussions over the last 8 months have also led to new ideas and elements to drive Illinois’ clean energy future. By providing for the following, the NGEP reflects significant response to stakeholders and new value for customers: Shifting from the Low Carbon Portfolio Standard to the Zero Emission Standard, securing the future of the state’s at-risk, zero-carbon nuclear plants in a more targeted manner Providing for solar rebates, addressing the impact of changes to net-metering policy in a smart, industry-leading way while lowering up-front costs for customers who want to “go green” Reducing the fixed customer charge for energy delivery by 50% and creating more equitable rates, giving customers more control over their bills Creating $1 billion in funding for low-income customers and communities, mostly through dedicated energy efficiency and solar development funds MEMBERS OF THE ILLINOIS GENERAL ASSEMBLY: VOTE “YES” ON THE NEXT GENERATION ENERGY PLAN. NextGenEnergyIL www.ComEd.com/EnergyPlan @NextGenEnergyIL www.NuclearPowersIllinois.com
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