A feature of the Equity Accountability System, as established by the Climate and Equitable Jobs Act, is the ability of Equity Eligible Contractors (EECs) to request an advance of a portion of REC Contract value prior to the associated project’s energization. This capital advancement pre-energization is intended to serve EEC-certified businesses exhibiting true need and to support a more diverse Approved Vendor pool.
The IPA has developed this rubric as criteria for evaluating requests for an advance of capital for projects receiving a REC contract in the EEC Category for the 2022-23 and 2023-24 Program Years. The details of this feedback request can also be found at the Program website’s Equity Accountability System page. Please provide comments via email attachment to [email protected] with the subject “[Responder’s Name] – Stakeholder Feedback on Advance of Capital Authorization Rubric” by November 14, 2023.
Note: The Agency has filed the 2024 Long-Term Renewable Resources Procurement Plan with the Illinois Commerce Commission and thus is not seeking any input on the advance of capital process contemplated within that Plan. Stakeholders seeking to provide input on Plan content may do so through the intervening in the open docket (Docket 23-0714). Please limit all comments in response to this request for feedback to the criteria listed below as applied to the 2022-23 and 2023-24 Program Years.
