Bill > HB1626

This bill allows electrical corporations to charge for services based on the costs of certain construction work in progress (CWIP) under two specific scenarios. First, for new natural gas-generating units, electrical corporations can include CWIP in their rate base until December 31, 2035, subject to regulatory review and potential extension. Second, the bill introduces the "Missouri Nuclear Clean Power Act," which permits electrical corporations to include CWIP for new nuclear-fueled electric generating facilities (clean baseload generating plants) in their rate base until December 31, 2036. In both cases, the Public Service Commission can review and approve CWIP inclusion, with the understanding that if construction costs are deemed imprudent or the project is not completed within a reasonable timeframe, the utility may be required to refund rates. The bill defines CWIP as capital costs associated with generating facilities that have been incurred but not yet included in the utility's operational assets. The legislation aims to provide electrical corporations more flexibility in recovering construction costs and potentially incentivize the development of new natural gas and nuclear power generation facilities in Missouri.

Transportation and Infrastructure

https://house.mo.gov/Bill.aspx?bill=HB1626&year=2026&code=R