Bill > HB713

This bill modifies provisions relating to electric utilities in Missouri, focusing on several key areas. First, it introduces new requirements for electrical corporations before closing existing electric generating power plants, mandating that they secure and place an equal or greater amount of reliable electric generation on the grid. The bill defines specific terms such as "electrical corporation" and "existing electric generating power plant" and outlines a process for replacing generating capacity, including provisions for transmission lines and backup power arrangements. Second, the bill updates renewable energy portfolio requirements for electric utilities, introducing new provisions for "accelerated renewable buyers" - large customers with significant electricity loads who can contract for renewable energy and receive certain exemptions. Third, the bill expands and extends existing provisions related to utility infrastructure investments, including allowing electrical corporations to defer depreciation expenses and return associated with qualifying electric plant additions. Finally, the bill provides a comprehensive framework for securitized utility tariff bonds, establishing detailed rules for how electrical corporations can finance and recover certain costs through specialized bond mechanisms, with specific protections for bondholders and customers. The bill aims to modernize Missouri's electric utility regulations, promoting grid reliability, renewable energy development, and flexible financing options for utility infrastructure investments.

Transportation and Infrastructure

https://house.mo.gov/Bill.aspx?bill=HB713&year=2025&code=R