Washington, D.C. – The Illinois Joint Committee on Administrative Rules (JCAR) is holding a hearing today on the Illinois Commerce Commission (ICC) rule that modernizes the financial treatment of cloud-based computing software for utilities, which the renewable energy industry unanimously supports.
Following is a statement from Todd Foley, Sr. Vice President of Policy and Government Affairs for the American Council on Renewable Energy (ACORE):
“We urge the Joint Committee on Administrative Rules to approve this rule, which would level the playing field by removing an outdated financial barrier. Utilities should be able to procure cloud-based technology solutions without a financial disincentive.
“This rule, proposed by the Illinois Commerce Commission, would allow utilities to treat cloud computing resources as a capital expense, the same accounting treatment as traditional on-site computing resources.
“Advanced technologies, like cloud computing resources, promote a more flexible grid system which is key to increased generation of renewable energy resources, grid reliability, low-cost power for consumers and emissions reductions. We urge JCAR and the ICC to finalize this important rule as soon as possible.”
The American Council on Renewable Energy (ACORE) is a national nonprofit organization that unites finance, policy and technology to accelerate the transition to a renewable energy economy. Founded in 2001, ACORE is the focal point for collaborative advocacy across the renewable energy sector, supported by hundreds of members spanning renewable energy technologies and constituencies. Every year, ACORE convenes top business leaders and policymakers at its annual forums on finance, policy and grid technology in New York, Washington, D.C. and San Francisco. For more information about ACORE, please visit www.acore.org and follow @ACORE on Twitter.
Vice President of Communications
American Council on Renewable Energy