Bill > HB376

This bill allows electrical corporations in Missouri to charge customers for the costs of certain construction work in progress (CWIP) for new natural gas-generating units and clean baseload generating plants, specifically nuclear facilities with a capacity of 300 megawatts or less. The legislation, known as the "Missouri First Natural Gas and Nuclear Power Act", permits electrical corporations to include CWIP in their rate base amounts, subject to regulatory review and limitations. The Public Service Commission will determine the amount of CWIP that can be included in rates, and these rate recoveries are subject to potential refund if the construction costs are deemed imprudent. The bill defines key terms like "clean baseload generating plant" and "small modular nuclear reactor" and sets an initial expiration date of December 31, 2035, with a potential extension to 2045 if the commission determines good cause exists. The legislation aims to enable the construction of new energy generation facilities and provide a mechanism for utilities to recover construction costs before a facility is fully operational and generating revenue.

Government Affairs, Transportation and Infrastructure

https://house.mo.gov/Bill.aspx?bill=HB376&year=2025&code=R