Bill > SB1073

This bill creates a new section in Missouri state law to be known as the "Affordable, Abundant, Reliable Electricity Act". The key provisions include defining terms related to the electric grid, such as "affordable", "reliable", and "resilient". The bill requires the electric grid to meet certain criteria to be considered affordable, reliable, and resilient, including maintaining a 15% reserve margin and ensuring generation resources can meet continuous operating requirements during extreme weather events. The bill also requires the Missouri Public Service Commission to evaluate the remaining useful life of existing electric generating units every three years and make explicit findings on whether life extensions are in the public interest. Finally, the bill grants the Commission rulemaking authority to ensure the electric grid within the state, or to which the state's grid is interconnected, meets the affordability, reliability, and resilience standards outlined in the bill.