POWER AGENCY ACT-PHOTOVOLTAICS

Amends the Illinois Power Agency Act. Requires at least the following percentages of renewable energy resources procured with moneys in the Illinois Power Agency's Renewable Energy Resources Fund to come from photovoltaics: 0.38% by June 1, 2011, 0.75% by June 1, 2012, 1.5% by June 1, 2013, 3% by June 1, 2014, and 6% by June 1, 2015 and thereafter (instead of 6% by June 1, 2015). Requires the Agency to enter into contracts with a length of 5 years or more for at least 75% of the renewable energy resources procured during each procurement event (instead of "long-term contracts"). Provides that, beginning on June 1, 2011 (rather than June 1, 2015), at least 6% of the renewable energy resources used by a utility to meet its renewable portfolio standard must come from photovoltaics. Provides that, of the renewable energy resources that must be derived from photovoltaics under these provisions, at least 10% shall come from small-scale distributed solar, and at least 50% shall come from large-scale distributed solar. Defines "small-scale distributed solar" and "large-scale distributed solar".