| 1 | 1 | | FIRSTREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.1487 |
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| 3 | 3 | | 103RDGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEWELLENKAMP. |
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| 5 | 5 | | 2945H.01I JOSEPHENGLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Toamendchapter393,RSMo,byaddingtheretoonenewsectionrelatingtorebatesby |
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| 8 | 8 | | electricalcorporations. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Chapter393,RSMo,isamendedbyaddingtheretoonenewsection,tobe |
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| 11 | 11 | | 2knownassection393.2500,toreadasfollows: |
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| 12 | 12 | | 393.2500.1.Asusedinthissection,thefollowingtermsshallmean: |
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| 13 | 13 | | 2 (1)"Commission",theMissouripublicservicecommission; |
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| 14 | 14 | | 3 (2)"Customer-generator",thesameasdefinedinsection386.890; |
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| 15 | 15 | | 4 (3)"Electricalcorporation",thesameasdefinedinsection386.020; |
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| 16 | 16 | | 5 (4)"Energystoragesystem",commerciallyavailabletechnologythatiscapable |
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| 17 | 17 | | 6ofabsorbingenergyandstoringitforaperiodoftimeforuseatalatertime,including |
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| 18 | 18 | | 7butnotlimitedto,electrochemical,thermal,andelectromechanicaltechnologies,and |
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| 19 | 19 | | 8maybeinterconnectedbehindthecustomer'smeterorinterconnectedbehinditsown |
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| 20 | 20 | | 9meter; |
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| 21 | 21 | | 10 (5)"Smartinverter",adevicethatconvertsdirectcurrentfromsolarpanelsinto |
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| 22 | 22 | | 11alternatingcurrentandmeetsallapplicablesafety,performance,interconnection,and |
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| 23 | 23 | | 12reliabilitystandardsestablishedbytheNationalElectricalCode,theNationalElectrical |
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| 24 | 24 | | 13SafetyCode,theInstituteofElectricalandElectronicsEngineers,Underwriters |
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| 25 | 25 | | 14Laboratories,theFederalEnergyRegulatoryCommission,andanylocalgoverning |
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| 26 | 26 | | 15authorities. |
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| 27 | 27 | | 16 2.WithinninetydaysafterAugust28,2025,anelectricalcorporationshallfile |
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| 28 | 28 | | 17anapplicationwiththecommissionrequestingapprovalofthecorporation'stariffto |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18providearebatetoanycustomer-generatorinstallinganyenergystoragesystemand,if |
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| 31 | 31 | | 19applicable,anewsolarelectricsystematthecustomer-generator'spremisesforthe |
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| 32 | 32 | | 20customer-generator'sownuse.Therebateshallbeasfollows: |
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| 33 | 33 | | 21 (1)TwodollarsperwattforsystemsbecomingoperationalonorbeforeJune30, |
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| 34 | 34 | | 222026; |
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| 35 | 35 | | 23 (2)Onedollarandfiftycentsperwattforsystemsbecomingoperationalbetween |
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| 36 | 36 | | 24July1,2026,andJune30,2027; |
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| 37 | 37 | | 25 (3)OnedollarperwattforsystemsbecomingoperationalbetweenJuly1,2027, |
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| 38 | 38 | | 26andJune30,2028; |
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| 39 | 39 | | 27 (4)FiftycentsperwattforsystemsbecomingoperationalbetweenJuly1,2028, |
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| 40 | 40 | | 28andJune30,2029; |
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| 41 | 41 | | 29 (5)FiftycentsperwattforsystemsbecomingoperationalbetweenJuly1,2029, |
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| 42 | 42 | | 30andJune30,2030;or |
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| 43 | 43 | | 31 (6)Twenty-fivecentsperwattforsystemsbecomingoperationalbetweenJuly1, |
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| 44 | 44 | | 322030,andJune30,2031. |
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| 45 | 45 | | 33 |
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| 46 | 46 | | 34Therebateamountsunderthissubsectionshallbeissueduntilsuchfundsexpireor |
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| 47 | 47 | | 35exceedtheallottedamounts.Anelectricalcorporationmay,throughitstariffs,require |
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| 48 | 48 | | 36applicationsforrebatestobesubmittedbycustomer-generatorsuptoonehundredand |
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| 49 | 49 | | 37eightydayspriortoJune30,2026. |
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| 50 | 50 | | 38 3.Thecommissionshallreviewtheapplicationundersubsection2ofthissection |
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| 51 | 51 | | 39andmakemodifications,ifnecessary,thatareconsistentwiththecommission's |
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| 52 | 52 | | 40authorityunderchapter386.Nolaterthanonehundredandeightydaysafterthe |
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| 53 | 53 | | 41electricalcorporationfilestheapplicationundersubsection2ofthissection,the |
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| 54 | 54 | | 42commissionshallholdahearingandissueanorderapproving,orapprovingwith |
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| 55 | 55 | | 43modifications,thetariff. |
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| 56 | 56 | | 44 4.Tobeeligibleforarebateunderthissection,acustomer-generatorshall: |
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| 57 | 57 | | 45 (1)Haveasmartinverterinstalledatthecustomer'spremisesthatis |
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| 58 | 58 | | 46interconnectedtodistributionfacilitiesownedoroperatedbyanelectricalcorporation; |
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| 59 | 59 | | 47 (2)Installanenergystoragesystem; |
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| 60 | 60 | | 48 (3)Connectanenergystoragesystemtoaneworexistingsolarelectricsystem |
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| 61 | 61 | | 49sitedonthecustomer-generator'spremisesthatisconfirmedbytheelectrical |
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| 62 | 62 | | 50corporationtohavebecomeoperationalandincompliancewiththeprovisionsof |
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| 63 | 63 | | 51section386.890;and |
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| 64 | 64 | | 52 (4)Transfertotheelectricalcorporationallrights,titles,andinterestinandto |
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| 65 | 65 | | 53therenewableenergycreditsassociatedwiththesolarelectricsystemandenergy |
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| 66 | 66 | | 54storagesystemthatqualifiedthecustomer-generatorfortherebateforaperiodoften |
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| 67 | 67 | | HB1487 2 55yearsfromthedatetheelectricalcorporationconfirmedthattheenergystoragesystem |
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| 68 | 68 | | 56wasinstalledandoperational. |
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| 69 | 69 | | 57 5.Anelectricalcorporation'sobligationtomakerebatepaymentsunderthis |
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| 70 | 70 | | 58sectionshallnotexceedthefollowinglimitations: |
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| 71 | 71 | | 59 (1)AsofAugust28,2025,anelectricalcorporationwithonemillionormore |
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| 72 | 72 | | 60customersinthestateshallnotbeobligatedtopayrebatesinanycalendaryearfrom |
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| 73 | 73 | | 612025through2031inanamountexceedingfivemillionsixhundredthousanddollarsor |
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| 74 | 74 | | 62inanaggregateamountexceedingtwenty-eightmilliondollars; |
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| 75 | 75 | | 63 (2)AsofAugust28,2025,anelectricalcorporationwithlessthanonemillionbut |
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| 76 | 76 | | 64morethantwohundredthousandcustomersinthestateshallnotbeobligatedtopay |
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| 77 | 77 | | 65rebatesinanycalendaryearfrom2025through2031inanamountexceedingone |
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| 78 | 78 | | 66millionsixhundredthousanddollarsorinanaggregateamountexceedingeightmillion |
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| 79 | 79 | | 67dollars;and |
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| 80 | 80 | | 68 (3)AsofAugust28,2025,anelectricalcorporationwithtwohundredthousand |
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| 81 | 81 | | 69orlesscustomersinthestateshallnotbeobligatedtopayrebatesinanycalendaryear |
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| 82 | 82 | | 70from2025through2031inanamountexceedingonemillionfourhundredthousand |
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| 83 | 83 | | 71dollarsorinanaggregateamountexceedingsevenmilliondollars. |
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| 84 | 84 | | 72 6.Aftertheissuanceoftherebateunderthissection,anelectricalcorporation |
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| 85 | 85 | | 73shallbepermittedtorecoverthecostofallrebatepaymentsithasmadethrougheither |
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| 86 | 86 | | 74baseratesorarateadjustmentmechanismundersection393.1030andshallalsobe |
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| 87 | 87 | | 75permittedtodeferandamortizetherecoveryofsuchcosts,includinginterestatthe |
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| 88 | 88 | | 76electricalcorporation'sshort-termborrowingrate,througheitherbaseratesora |
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| 89 | 89 | | 77surchargeoveraperiodoftheelectricalcorporation'schoicenottoexceedfiveyears, |
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| 90 | 90 | | 78providedthatifrecoveryofsuchcostsinsuchmannerandoversuchatimeperiod |
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| 91 | 91 | | 79wouldcausetheelectricalcorporationtoexceedtheonepercentmaximumaverage |
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| 92 | 92 | | 80retailrateincreaselimitationrequiredbysubdivision(1)ofsubsection2ofsection |
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| 93 | 93 | | 81393.1030.Therecoveryofsuchcoststhatwouldexceedtheonepercentmaximum |
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| 94 | 94 | | 82averageretailrateincreaselimitationshallbedeferredbytheelectricalcorporationtoa |
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| 95 | 95 | | 83regulatoryassettowhichcarryingcostsattheelectricalcorporation'sweightedaverage |
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| 96 | 96 | | 84costofcapitalshallbeaddedandrecoveredthroughbaseratesorthrougharate |
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| 97 | 97 | | 85adjustmentmechanismundersection393.1030,assoonaspracticable. |
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| 98 | 98 | | 86 7.Thecommissionshallpromulgaterulestoimplementtheprovisionsofthis |
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| 99 | 99 | | 87section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis |
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| 100 | 100 | | 88createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifit |
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| 101 | 101 | | 89complieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable, |
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| 102 | 102 | | 90section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers |
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| 103 | 103 | | 91vestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe |
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| 104 | 104 | | HB1487 3 92effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional, |
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| 105 | 105 | | 93thenthegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust |
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| 106 | 106 | | 9428,2025,shallbeinvalidandvoid. |
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| 107 | 107 | | âś” |
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| 108 | 108 | | HB1487 4 |
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