Bill > HB963

This bill modifies provisions for electrical corporations by introducing several key changes to state regulations. First, it allows electrical corporations to include construction work in progress for new natural gas-generating units in their rate base, subject to specific limitations and potential refunds if construction costs are deemed imprudent. The bill requires electrical corporations to provide annual documentation demonstrating their capacity to meet energy needs for the upcoming four years, with the commission empowered to audit and potentially disallow costs if capacity planning is found to be imprudent. Additionally, the bill mandates a comprehensive integrated resource planning process, requiring electrical corporations to file detailed plans every four years that cover a 16-year horizon. These plans must include extensive information about existing and proposed generation facilities, projected load obligations, alternative resource plans, environmental compliance, transmission options, and potential economic development impacts. The commission will review these plans and can approve specific supply-side resources, with a streamlined process for obtaining certificates of convenience and necessity. The bill also includes provisions for rule-making by the commission and sets an expiration date of December 31, 2035, for some of its provisions, with a potential extension to 2045 subject to commission determination.

Transportation and Infrastructure

https://house.mo.gov/Bill.aspx?bill=HB963&year=2025&code=R