COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 4853-01
Bill No.: SB 1379
Subject: Energy; Natural Resources Dept.; Public Service Commission: Utilities
Type: Original
Date: March 24, 2004
FISCAL SUMMARY
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials from the Department of Economic Development - Public Service Commission, Department of Economic Development - Office of Public Counsel and Department of Natural Resources assume the proposed legislation would have no fiscal impact on their agencies.
| FISCAL IMPACT - State Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| $0 | $0 | $0 | |
| FISCAL IMPACT - Local Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act requires the Department of Natural Resources to promulgate rules requiring suppliers of electrical energy to generate and purchase electricity from renewable energy resources. These rules shall include a portfolio requirement providing the following:
- renewable energy sources of no less than 1/4 of 1% of retail sales after 2005;
- renewable energy sources of no less than 1 & 1/2% after 2008;
- renewable energy sources of no less than 3% after 2011; and
- renewable energy sources of no less than 6% for 2017 to 2027.
These rules shall apply to all power sold to Missouri users, including power that is self-generated or purchased from another source in or outside of the state. All suppliers of electricity must provide documentation to the Department and the Commission demonstrating compliance with the provisions of this section.
The Department must also establish by rule a certification process for power that is generated from renewable energy sources. The certification process shall be consistent with operation practices of the Regional Transmission Organizations in the Midwestern United States. Criteria for certification shall be based on fuel type, technology, and the environmental impacts of the facility.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Natural Resources
Department of Economic Development -
Public Service Commission
Department of Economic Development -
Office of Public Counsel
Mickey Wilson, CPA
Director
March 24, 2004