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Amends the Safety and Aid for the Environment in Carbon Capture and Sequestration Act. In provisions regarding integration and unitization of ownership interests and just compensation for nonconsenting pore space owners, provides that such compensation shall be no less than the average total payment package provided to similarly situated consenting pore space owners (rather than provided in agreements during the previous 365 days to similarly situated pore space owners). Removes provisions requiring the compensation to exclude incentives provided to consenting pore space owners prior to the initiation of injection. Removes provisions requiring the compensation to include any operations term or injection term payments made upon or after the initiation of injection provided to consenting pore space owners in consideration of allowing use of their pore space for sequestration of carbon dioxide.
Introduced
Feb 4, 2025
Last Action
Apr 11, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As April 11, 2025
Rule 2-10 Committee Deadline Established As April 4, 2025
Postponed - Energy and Public Utilities
Added as Chief Co-Sponsor Sen. Graciela Guzmán
Assigned to Energy and Public Utilities
Filed with Secretary by Sen. Michael W. Halpin
Referred to Assignments
First Reading
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 3-9(a) / Re-referred to Assignments
Michael W. Halpin