Bill > HB445

This bill modifies several provisions related to utilities in Missouri, covering a range of topics including property tax assessment, renewable energy standards, utility acquisitions, and utility tariff bonds. Key provisions include: establishing new guidelines for assessing solar energy property for tax purposes, with a cap on tax liability for projects built before 2025; modifying renewable energy portfolio requirements for electric utilities, including a new provision for "accelerated renewable buyers" that allows large customers to retire renewable energy certificates separately from utility requirements; creating new rules for water and sewer utility acquisitions, including appraisal processes and rate base calculations; extending and modifying a mechanism for electrical corporations to defer depreciation expenses for qualifying electric plants; introducing a new process for gas corporations to offer economic development discounts to large industrial customers; and establishing a comprehensive framework for utility tariff bonds that allows electrical corporations to securitize certain utility costs with specific protections for bondholders and customers. The bill aims to provide more flexibility for utilities, support renewable energy development, and create new economic incentives while maintaining regulatory oversight.

https://house.mo.gov/Bill.aspx?bill=HB445&year=2025&code=R