SB 928 - This act creates the "Missouri Nuclear Clean Power Act" providing for clean baseload electric generating plants designed to be operated at 400 megawatts or less. Before such construction work begins, an electrical corporation seeking to include construction work in progress in rates shall file with the Public Service Commission a plan detailing the projected costs of the construction and the plan to recover such costs through rates. Costs recovered by an electrical corporation under this act are subject to inclusion or exclusion from rates in a ratemaking proceeding. The Commission may authorize an electrical corporation to make or demand charges for service based on additional amortization to maintain the electrical corporation's financial ratios in improving cost effectiveness in constructing a clean baseload generation plant or a renewable source generating facility.
This act shall not apply to clean baseload electric generating plants that are in commercial operation before August 28, 2024.
This act is substantially similar to HCS/HB 225 (2023), and similar to SB 333 (2023), HB 1684 (2022) and HB 261 (2021).
JULIA SHEVELEVA