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