Bill > SB51

This bill modifies provisions for electrical corporations' infrastructure investments and rate deferrals, extending the timeframe for a deferral program from 2028 to 2035 (with a potential additional five-year extension to 2040). The bill allows electrical corporations to defer 90% (increased from 85%) of depreciation expenses and return associated with qualifying electric plant investments, which means infrastructure improvements excluding new coal, nuclear, or generation units that increase revenues by serving new customers. Electrical corporations must submit annual five-year capital investment plans to the Public Service Commission, with specific requirements including identifying quantifiable costs and benefits for projects over $20 million, ensuring at least 25% of investments are grid modernization projects, and limiting smart meter purchases to 6% of annual capital expenditures. The bill also provides guidelines for calculating the weighted average cost of capital and allows electrical corporations to make a one-time election to participate in the deferral program. Companies participating must submit detailed reports on capital investments, and the commission can consider changes in business risk when setting return rates. The legislation aims to support electrical infrastructure modernization while providing a structured approach to rate and investment management.

Business and Industry

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=371