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[The following is a paid advertisement.]
Three Simple Facts About SB 1652
1. SB 1652 Gets Illinois Moving Again
• Creates 2,000 jobs building a modern grid.
• Establishes a training center for utility workers with skill-building in areas such as pole climbing and cable splicing.
• Generates economic growth by infusing money and energy into the burgeoning energy-tech cluster.
• Creates a $20 million, utility-funded, Science and Energy Innovation Trust to foster innovation and support high-growth, energy related Illinois companies.
2. SB 1652 Benefits Consumers
• Creates enormous operational efficiencies – which are passed on to consumers. Consumer savings are nearly three times greater than the costs from investing in a smart meter system alone.
• Through smart meters, consumers can better manage energy use and save money.
• The Peak Time Rebate Program allows customers to save money by reducing electric use during critical peak periods.
• Improves electric system reliability and restoration meaning fewer and shorter outages.
3. SB 1652 Protects Consumers
• Requires two review points with the General Assembly.
• Retains ICC authority to review and set rates. Reviews utility costs annually instead of every 2-4 years. Consumer advocates retain all the same rights.
• Creates strong utility performance standards with penalties if not met.
• Limits utility profits – ties them to performance standards.
Visit www.SmartEnergyIL.com.
posted by Advertising Department
Tuesday, Oct 25, 11 @ 9:00 am
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