SB 376 - This act creates the Missouri Residential and Small Business Energy Efficiency Investment Act.

The Public Service Commission (PSC) must allow electric and natural gas companies to implement and recover costs related to PSC-approved energy efficiency programs aimed at customers. The PSC must develop cost recovery methods that value energy efficiency investments at least the same as, if not more than, traditional supply-side investments. Such methods must also account for lost energy sales associated with energy efficiency. The act provides ways for the PSC to develop cost recovery methods that provide incentives for the companies to further increase their investment in energy efficiency programs.

The PSC may reduce or exempt energy efficiency costs for low-income customers. No customer of any rate class shall pay more than $5,000 per month for energy efficiency-related costs.

Electric and gas companies must annually report on their energy efficiency activities under the act, with requirements as listed.


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