summary
Introduced
01/08/2025
01/08/2025
In Committee
01/16/2025
01/16/2025
Crossed Over
Passed
Dead
05/16/2025
05/16/2025
Introduced Session
2025 Regular Session
Bill Summary
Modifies and creates new provisions relating to electric utilities
AI Summary
This bill modifies provisions relating to electric utilities in Missouri, focusing on several key areas. First, it establishes new requirements for electrical corporations planning to close existing electric generating power plants, mandating that they secure and place an equal or greater amount of reliable electric generation on the grid before closure, with specific provisions about transmission capacity and backup power. The bill also updates renewable energy portfolio requirements for electric utilities, introducing a new category for "accelerated renewable buyers" that allows large customers with significant electricity loads to contract for renewable energy and receive certain exemptions. Additionally, the legislation expands provisions for securitizing utility tariff bonds, which allows electrical corporations to finance energy transition costs and qualified extraordinary costs through a specialized bonding process. The bill extends existing deferral mechanisms for electrical corporations' infrastructure investments, increases the percentage of capital investment that must be dedicated to grid modernization, and makes several technical changes to how utility rates and investments are managed. The proposed changes aim to provide more flexibility for electrical corporations while also encouraging renewable energy development and grid infrastructure improvements.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Informal Calendar S Bills for Perfection (on 05/30/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=68 |
Analysis - Summary: Introduced | https://www.senate.mo.gov/25info/BTS_Web/Summary.aspx?SessionType=R&SummaryID=12468832&BillID=68 |
Analysis - Summary: Introduced | https://www.senate.mo.gov/25info/BTS_Web/Summary.aspx?SessionType=R&SummaryID=494793&BillID=68 |
Fiscal Note - 0975S.01I.ORG | https://senate.mo.gov/FiscalNotes/2025-1/0975S.01I.ORG.pdf |
BillText | https://www.senate.mo.gov/25info/pdf-bill/intro/SB6.pdf |
Analysis - Summary: Introduced | https://www.senate.mo.gov/25info/BTS_Web/Summary.aspx?SessionType=R&SummaryID=7&BillID=68 |
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