FIRSTREGULARSESSION
HOUSECOMMITTEESUBSTITUTEFOR
HOUSEBILLNO.50
103RDGENERALASSEMBLY
0845H.02C JOSEPHENGLER,ChiefClerk
ANACT
Torepealsection393.135,RSMo,andtoenactinlieuthereoftwonewsectionsrelatingtothe
Missourinuclearcleanpoweract.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Section393.135,RSMo,isrepealedandtwonewsectionsenactedinlieu
2thereof,tobeknownassections393.135and393.1250,toreadasfollows:
393.135.Exceptasprovidedinsection393.1250,anychargemadeordemandedby
2anelectricalcorporationforservice,orinconnectiontherewith,whichisbasedonthecostsof
3constructionworkinprogressuponanyexistingornew[facilityofthe]electricalcorporation
4facility, oranyothercostassociatedwithowning,operating,maintaining,orfinancingany
5propertybeforeitisfullyoperationalandusedforservice,[isunjustandunreasonable,and]is
6prohibited.
393.1250.1.Thissectionshallbeknownandmaybecitedasthe"Missouri
2NuclearCleanPowerAct",thepurposeofwhichistoenabletheconstructionofclean
3baseloadelectricgeneratingplants.Thissectionshallnotapplytocleanbaseload
4electricgeneratingplantsthatareincommercialoperationbeforeAugust28,2025.
5 2.Asusedinthissection,thefollowingtermsmean:
6 (1)"Cleanbaseloadgeneratingplant",anewnuclear-fueledelectricgenerating
7facilitylocatedinthisstatethatisdesignedtobeoperatedatsixhundredmegawattsor
8lessandisintendedinwholeorinparttoserveretailcustomersofanelectrical
9corporationinMissouri;
10 (2)"Constructionworkinprogress",theelectricalcorporation'sshareofall
11capitalcostsassociatedwithacleanbaseloadgeneratingplantorrenewablesource
12generatingfacilitythathavebeenincurredbuthavenotbeenincludedintheelectrical
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 13corporation'splantinserviceandarerecordedintheFederalEnergyRegulatory
14Commission'sUniformSystemofAccountsPrescribedforPublicUtilitiesandLicensees
15SubjecttotheProvisionsoftheFederalPowerAct,BalanceSheetChartAccounts,as
16constructionworkinprogressforelectricplantsin18CFRPart101,oranyother
17accountestablishedintheUniformSystemofAccountsfortherecordingofconstruction
18workinprogress.
19 3.Anelectricalcorporationshallbepermitted,subjecttothelimitationsinthis
20subsection,toincludeconstructionworkinprogressforanynewcleanbaseload
21generatingplantinratebaseamountsrecorded.Theinclusionofconstructionworkin
22progressallowedunderthissubsectionshallbeinlieuofanyotherwiseapplicable
23allowanceforfundsusedduringconstructionthatwouldhaveaccruedfromandafter
24theeffectivedateofnewbaseratesthatreflectinclusionoftheconstructionworkin
25progressinratebase.Thecommissionshalldetermine,inaproceedingundersection
26393.170,theamountofconstructionworkinprogressthatmaybeincludedinratebase.
27Theamountshallbelimitedbytheestimatedcostofsuchprojectandproject
28expendituresmadewithintheestimatedconstructionperiodforsuchproject.Baserate
29recoveriesarisingfrominclusionofconstructionworkinprogressinbaseratesare
30subjecttorefund,togetherwithinterestontherefundedamountatthesamerateasthe
31rateofinterestfordelinquenttaxesdeterminedbythedirectorofrevenueinaccordance
32withsection32.065,if,andtotheextentthecommissiondetermines,inasubsequent
33complaintorgeneralrateproceeding,thatconstructioncostsgivingrisetothe
34constructionworkinprogressincludedinratebasewereimprudentlyincurred.Return
35deferredundersubdivision(2)ofsubsection3ofsection393.1400forplantthathasbeen
36includedinbaseratesasconstructionworkinprogressshalloffsettheamountsdeferred
37undersection393.1400.
38 4.ThissectionshallexpireonDecember31,2035,unlessthecommission
39determines,afterahearingconductedin2035,uponasubmissionfromanelectrical
40corporationofanapplicationrequestinganddemonstratingthatgoodcauseexiststo
41extendtheeffectivenessofthissubsectionthroughDecember31,2045.Thesecretaryof
42thecommissionshallnotifytherevisorofstatuteswhentheconditionssetforthforthe
43extensionofthissubsectionhavebeenmet.
44 5.Thecommissionmaypromulgaterulestoassistintheimplementationofthis
45section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
46createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifit
47complieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,
48section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers
49vestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe
HCSHB50 2 50effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional,
51thenthegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust
5228,2025,shallbeinvalidandvoid.
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HCSHB50 3