SB 969
Modifies provisions relating to construction costs for certain new electric generation facilities
Sponsor:
LR Number:
4508S.01I
Committee:
Last Action:
1/5/2022 - S First Read
Journal Page:
S35
Title:
Calendar Position:
110
Effective Date:
August 28, 2022

Current Bill Summary

SB 969 - 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 within the state 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, 2022.

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 identical to HB 1684 (2022), and substantially similar to SB 261 (2021), SB 832 (2020), and HB 1784 (2020).

JAMIE ANDREWS

Amendments

No Amendments Found.