Bill > HB137

This bill creates a new provision for workforce development investments by electrical, gas, and water corporations in Missouri. The bill defines "workforce development investments" as expenditures directed to educational institutions or students in the state, focusing on skilled crafts, science, technology, engineering, math, and other vocations needed in utility industries. These investments can include direct payments to institutions or students, funding for organizations that administer such investments, and administrative costs. The Public Service Commission (PSC) will allow these corporations to recover their workforce development investments. Specifically, corporations can defer these investments as a regulatory asset from the bill's effective date until December 31, 2035, with a cap of 0.55% of their total operating revenues (based on 2023 reported revenues). In future rate proceedings, these investments will be included in the revenue requirement through amortization, without being included in the rate base, and without any offsets in subsequent rate proceedings. The bill aims to support educational and training programs that help maintain a skilled workforce in utility industries.

https://house.mo.gov/Bill.aspx?bill=HB137&year=2025&code=R