Bill > SB610

This bill creates new provisions related to electric utilities, focusing on three key areas: construction work in progress (CWIP) charges, nuclear power plant development, and integrated resource planning. First, the bill allows electrical corporations to include construction work in progress for new natural gas generating units in their rate base under specific conditions, with provisions expiring in 2035 unless extended. Second, the bill establishes the "Missouri Nuclear Clean Power Act," which enables the construction of new nuclear-fueled electric generating facilities under 600 megawatts, allowing electrical corporations to recover certain construction costs through rates. Third, the bill mandates that the Missouri Public Service Commission conduct integrated resource planning proceedings every four years, requiring electrical corporations to submit comprehensive plans detailing their current and future generation strategies, including projections of load obligations, generation technologies, transmission infrastructure, environmental compliance, and potential resource investments. The bill provides a detailed framework for how these plans will be reviewed, with the commission having the authority to approve or require modifications to the plans, and potentially granting expedited approval for certain resource investments. These provisions aim to provide more flexibility for electrical corporations while maintaining regulatory oversight of their infrastructure and resource planning efforts.

Business and Industry

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=2812417