Pioneering An ISDA Off-Take Agreement

Law360, New York (April 5, 2011, 2:04 PM EDT) -- On Dec. 15, the Illinois Commerce Commission announced the winners of the Illinois Power Agency’s (IPA) 2010 long-term renewable resources request for proposals. The IPA conducted the RFP on behalf of both Commonwealth Edison Co. (ComEd, the primary electric utility for Chicago and northern Illinois) and Ameren Illinois Utilities Corp. (the primary electric utility for southern Illinois).

Illinois law requires ComEd and Ameren to procure 25 percent of their electricity from various qualifying renewable resources by 2025. The law includes specific requirements for subcategories (including wind...
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