Bill > SB214

This bill modifies provisions relating to utilities across multiple sections of Missouri law, with significant changes in areas such as property taxation, renewable energy, utility infrastructure, and regulatory processes. The bill introduces several key provisions, including a new approach to assessing solar energy property for tax purposes, establishing guidelines for electric utilities' integrated resource planning, creating economic development discounts for gas corporations, and expanding the mechanisms for utility tariff bonds. Notably, the bill introduces a requirement for electrical corporations to file comprehensive integrated resource plans every four years, detailing their approach to meeting future energy needs, including considerations of generation technologies, environmental regulations, and cost-effectiveness. The bill also provides more detailed frameworks for how utilities can securitize certain costs through utility tariff bonds, and establishes new rules around property condemnation that specifically limit the ability to condemn land for wind and solar energy facilities while allowing for related infrastructure. The legislation aims to provide more structured and forward-looking approaches to utility regulation, with an emphasis on renewable energy integration, financial transparency, and long-term planning.

Business and Industry

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=155