SB 422 Modifies the state's renewable energy standard
Sponsor: Lager
LR Number: 1804S.02I Fiscal Note:
Committee: Commerce, Consumer Protection, Energy and the Environment
Last Action: 3/10/2011 - Second Read and Referred S Commerce, Consumer Protection, Energy and the Environment Committee Journal Page: S437
Title: Calendar Position:
Effective Date: August 28, 2011

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Current Bill Summary

SB 422 - The act modifies the state's renewable energy standard.

Under current law, each kilowatt-hour of renewable energy generated within the state can be counted as 1.25 kilowatt-hours for purposes of meeting the renewable energy standard. The act increases this weight factor to 1.75 kilowatt-hours.

The act specifies geographic sourcing requirements for the energy and renewable energy credits (RECs) used by an electric company to meet the renewable energy standard. During the years 2011-2016, the energy and RECs must be generated within the territory of regional transmission organizations that serve Missouri electric companies. After the year 2016, the energy and RECs must be generated either within Missouri or any contiguous state.

The use of RECs to comply with the renewable energy standard will not be allowable after December 31, 2022.

The act requires that, in meeting the renewable energy standard, an electric company must not incur annual net costs greater than 1% of the annual revenue requirement set by the Public Service Commission at the company's latest general rate proceeding. The act specifies how the annual net costs must be determined.