HB1084--ELECTRICUTILITIES
SPONSOR: Oehlerking
Thisbillauthorizesanelectricalcorporationtoincludeinthe
corporation'sratebaseanyamountsrecordedtoconstructionwork
inprogressforanynewnaturalgasgeneratingunit.ThePublic
ServiceCommissionwilldeterminetheamountofconstructionwork
inprogress,asspecifiedinthebill.Baseraterecoveries
arisingfromtheinclusionofconstructionworkinprogressinbase
ratesaresubjecttorefund.
TheseprovisionswillexpireonDecember31,2035,unlessthe
Commissiondeterminesthatgoodcauseexiststoextendthese
provisionsthroughDecember31,2045.Thesecretaryofthe
CommissionmustnotifytheRevisorofStatutesiftheconditions
fortheextensionhavebeenmet.
Thebillalsoestablishesthe"MissouriNuclearCleanPowerAct",
whichallowscleanbaseloadelectricgeneratingplantsorrenewal
sourcegeneratingfacilitiesratedat600megawattsorlessthat
utilizecleanbaseloadelectricgeneratingplantstoproduceenergy
notincommercialoperationasofAugust28,2025,tochargefor
costsassociatedwithconstructionworkinprogressbeforethe
facilityisoperational.
Beforeanyconstructionbegins,theelectricalcorporationseeking
toincludeconstructionworkinprogress(CWIP)initsratesmust
filewiththePublicServiceCommissionaplandetailingthecosts
andtheplantorecoverthosecoststhroughrates.Thecosts
recoveredbyanelectricalcorporationaresubjecttoinclusionor
exclusioninaratemakingproceedingundertheauthorityofthe
PublicServiceCommission. TheCommissioncanalsoauthorizean
electricalcorporationtochargeforadditionalamortizationto
maintainthecorporation'sfinancialratiosthatwillbetterallow
theelectricalcorporationtocost-effectivelyconstructaclean
baseloadgeneratingplant.
ByAugust28,2026,andeveryfouryearsasneededthereafter,the
Commissionmustcompleteanintegratedresourceplanningproceeding
forelectricalcorporations,asspecifiedinthebill.
NolaterthanAugust28,2027,theCommissionmustpublisha
scheduleforelectricalcorporationstofileanintegratedresource
planeveryfouryears.Eachintegratedresourceplanmustinclude
analternativeresourceplanthatmeetscertainrequirements. All
alternativeresourceplansmustcoveraminimum16-yearplanning
horizonandmustreflectprojectionsofanelectricalcorporation's
loadobligationsandhowanelectricalcorporationwouldreliably meetitsprojectedloadobligations. Additionalrequirementsare
specifiedinthebill.
Afterahearingandnolaterthan360daysaftertheelectrical
corporationfilesanintegratedresourceplan,theCommissionmust
issueareportandorderdeterminingwhethertheelectrical
corporationhassubmittedsufficientdocumentationandselecteda
preferredresourceplanrepresentingareasonableandprudentmeans
ofmeetingtheelectricalcorporation'sloadservingobligationsat
justandreasonablerates.Inmakingthisdetermination, the
Commissionmustconsiderwhethertheplanappropriatelybalances
factorsspecifiedinthebill.TheCommissioncangrantitselfan
extensionforgoodcausefortheissuanceofthereportandorder.
Upto150daysafteranelectricalcorporationmakesitsinitial
integratedresourceplanfiling,itcanfileanupdateofthecost
estimatesifthecostestimateshavemateriallychanged.
IftheCommissiondeterminesthatthepreferredresourceplanisa
reasonableandprudentmeansofmeetingtheelectrical
corporation'sloadservingobligations,thedeterminationwill
constitutetheCommission'spermissionfortheelectrical
corporationtoconstructoracquirethespecifiedsupply-side
resourcesthatwerereflectedintheimplementation plan.Whenthe
electricalcorporationfilesanapplicationforacertificateof
convenienceandnecessitytoauthorizeconstructionoracquisition
ofthesupply-sideresources,theCommissionwillbedeemedtohave
determinedthatthesupply-sideresourcesarenecessaryor
convenientforthepublicinterest.
IftheCommissiondeterminesthatthepreferredresourceplanis
notareasonableandprudentmeansofmeetingtheelectrical
corporation'sloadservingobligations,theCommissionwillhave
theauthoritytospecifyinitsreportandorderthedeficiencies
inthepreferredresourceplan.Theproceduresforanelectrical
corporationtocurethedeficienciesisspecifiedinthebill.
Ifapprovedinaproceedinggrantingpermissionandapprovalto
constructanelectricplant,anelectricalcorporationcan,in
certaincircumstances, bepermittedtoincludeinitsratebaseany
amountsrecordedtoconstructionworkinprogressforthe
investmentsforwhichpermissionisgranted. Theinclusionof
constructionworkinprogresswillbeinlieuofanyapplicable
allowanceforfundsusedduringconstructionthatwouldhave
accruedfromtheeffectivedateofnewbaseratesthatreflect
inclusionoftheconstructionworkinprogressinratebase.The
Commissionmustdeterminetheamountofconstructionworkin
progressthatcanbeincludedinratebase.
ThisbillisthesameasSB610(2025).