FIRSTREGULARSESSION
HOUSEBILLNO.874
102NDGENERALASSEMBLY
INTRODUCEDBYREPRESENTATIVEJUSTUS.
1794H.01I DANARADEMANMILLER,ChiefClerk
ANACT
Toamendchapter393,RSMo,byaddingtheretoonenewsectionrelatingtoworkforce
developmentinvestmentsofpublicutilities.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Chapter393,RSMo,isamendedbyaddingtheretoonenewsection,tobe
2knownassection393.1750,toreadasfollows:
393.1750.1.Forpurposesofthissection,thefollowingtermsshallmean:
2 (1)"Commission",thepublicservicecommission;
3 (2)"Electricalcorporation",thesameasdefinedinsection386.020,butshallnot
4includeanelectricalcorporationasdescribedinsubsection2ofsection393.110;
5 (3)"Gascorporation",thesameasdefinedinsection386.020;and
6 (4)"Workforcedevelopmentinvestments",expendituresbyelectricalorgas
7corporationsdirectedtosecondary,post-secondary,orvocationaleducational
8institutionslocatedinthestateorstudentsofsuchinstitutionsrelatedtoprogramsor
9coursesthatprovideeducationortraininginskilledcrafts,inscience,technology,
10engineering,ormathdisciplines,orothervocationsneededtosupporttheelectricand
11gasutilityindustries.Suchexpendituresqualifyasworkforcedevelopmentinvestments
12ifdisburseddirectlytosuchinstitutionsorstudentsorifdirectedtoorganizations
13establishedforthepurposeofadministeringdisbursementofsuchinvestmentstosuch
14institutionsorstudents.Workforcedevelopmentinvestmentsshallalsoincludethe
15electricalorgascorporation'scoststoorganizeoroverseeorganizationsthatadminister
16disbursementoffundstosuchinstitutionsorstudentsandtheadministrativecostsof
17suchorganizations.
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18 2.Inrecognitionoftheimportanceofworkforcedevelopmenttosupportthe
19provisionofenergyservicesinthestate,thecommissionshallpermitelectricalandgas
20corporationstorecovertheirworkforcedevelopmentinvestmentsasprovidedforinthis
21section.
22 3.(1)Notwithstandinganyotherprovisionofthischaptertothecontrary,an
23electricalorgascorporationshallbeentitledtodefertoaregulatoryassetsuch
24corporation'sworkforcedevelopmentinvestmentssubjectonlytothecapprovidedfor
25insubdivision(2)ofthissubsection,madebetweentheeffectivedateofthissectionand
26December31,2033.Ineachgeneralrateproceedingconcludedaftertheeffectivedate
27ofthissection,theregulatoryassetshallbeincludedintherevenuerequirementusedto
28setratesthroughanamortizationoverareasonableperiodoftimeinthatgeneralrate
29proceeding,andinsuchcorporation'ssubsequentgeneralrateproceedings,withoutany
30offset.Thecommissionshallalsoadjusttheratebaseusedtoestablishtherevenue
31requirementofsuchcorporationtoreflecttheunamortizedregulatoryassetorliability
32accountbalancesinsuchgeneralrateproceedings.
33 (2)Workforcedevelopmentinvestmentsshallqualifyforrecoveryasprovided
34forinthissectionforinvestmentsmadethroughDecember31,2033,thatarenotin
35excessoffifty-fivehundredthsofonepercentoftheapplicableelectricalorgas
36corporation'stotaloperatingrevenuesasreportedtothecommissionforcalendaryear
372022.
âś”
HB874 2