HB 261 Modifies provisions relating to construction costs for certain new electric generation facilities

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Current Bill Summary

- Prepared by Senate Research -


HB 261 - Current provisions of law prohibiting any charge made or demanded by an electrical corporation for service, or in connection therewith, which is based on the costs of construction work in progress, as such term is defined in the act, shall not apply to a clean baseload generating plant or a renewable source generating facility, as such terms are defined in the act.

The act also creates the Missouri Nuclear Clean Power Act to enable the construction of clean baseload electric generating plants or facilities that utilize renewable sources to produce energy. The Missouri Nuclear Clean Power Act shall not apply to clean baseload electric generating plants or renewable source generating facilities that are in commercial operation before August 28, 2021.

The Public Service Commission may authorize an electrical corporation to make or demand charges for service based in whole or in part on additional amortizations to maintain the electrical corporation's financial ratios that will, in the Commission's judgment, better enable the electrical corporation to cost-effectively construct a clean baseload generating plant or a renewable source generating facility.

This act is similar to SB 832 (2020) and substantially similar to HB 1784 (2020).

JAMIE ANDREWS


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