| 6 | 6 | | ANACT |
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| 7 | 7 | | Torepealsection393.135,RSMo,andtoenactinlieuthereoftwonewsectionsrelatingtothe |
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| 8 | 8 | | Missourinuclearcleanpoweract. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Section393.135,RSMo,isrepealedandtwonewsectionsenactedinlieu |
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| 11 | 11 | | 2thereof,tobeknownassections393.135and393.1250,toreadasfollows: |
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| 12 | 12 | | 393.135.Exceptasprovidedinsection393.1250,anychargemadeordemandedby |
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| 13 | 13 | | 2anelectricalcorporationforservice,orinconnectiontherewith,whichisbasedonthecostsof |
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| 14 | 14 | | 3constructionworkinprogressuponanyexistingornew[facilityofthe]electricalcorporation |
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| 15 | 15 | | 4facility, oranyothercostassociatedwithowning,operating,maintaining,orfinancingany |
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| 16 | 16 | | 5propertybeforeitisfullyoperationalandusedforservice,[isunjustandunreasonable,and]is |
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| 17 | 17 | | 6prohibited. |
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| 18 | 18 | | 393.1250.1.Thissectionshallbeknownandmaybecitedasthe"Missouri |
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| 19 | 19 | | 2NuclearCleanPowerAct",thepurposeofwhichistoenabletheconstructionofclean |
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| 20 | 20 | | 3baseloadelectricgeneratingplants.Thissectionshallnotapplytocleanbaseload |
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| 21 | 21 | | 4electricgeneratingplantsthatareincommercialoperationbeforeAugust28,2025. |
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| 22 | 22 | | 5 2.Asusedinthissection,thefollowingtermsmean: |
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| 23 | 23 | | 6 (1)"Cleanbaseloadgeneratingplant",anewnuclear-fueledelectricgenerating |
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| 24 | 24 | | 7facilitylocatedinthisstatethatisdesignedtobeoperatedatsixhundredmegawattsor |
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| 25 | 25 | | 8lessandisintendedinwholeorinparttoserveretailcustomersofanelectrical |
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| 26 | 26 | | 9corporationinMissouri; |
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| 27 | 27 | | 10 (2)"Constructionworkinprogress",theelectricalcorporation'sshareofall |
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| 28 | 28 | | 11capitalcostsassociatedwithacleanbaseloadgeneratingplantorrenewablesource |
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| 37 | | - | 19 3.Anelectricalcorporationshallbepermitted,subjecttothelimitationsinthis |
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| 38 | | - | 20subsection,toincludeconstructionworkinprogressforanynewcleanbaseload |
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| 39 | | - | 21generatingplantinratebaseamountsrecorded.Theinclusionofconstructionworkin |
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| 40 | | - | 22progressallowedunderthissubsectionshallbeinlieuofanyotherwiseapplicable |
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| 41 | | - | 23allowanceforfundsusedduringconstructionthatwouldhaveaccruedfromandafter |
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| 42 | | - | 24theeffectivedateofnewbaseratesthatreflectinclusionoftheconstructionworkin |
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| 43 | | - | 25progressinratebase.Thecommissionshalldetermine,inaproceedingundersection |
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| 44 | | - | 26393.170,theamountofconstructionworkinprogressthatmaybeincludedinratebase. |
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| 45 | | - | 27Theamountshallbelimitedbytheestimatedcostofsuchprojectandproject |
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| 46 | | - | 28expendituresmadewithintheestimatedconstructionperiodforsuchproject.Baserate |
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| 47 | | - | 29recoveriesarisingfrominclusionofconstructionworkinprogressinbaseratesare |
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| 48 | | - | 30subjecttorefund,togetherwithinterestontherefundedamountatthesamerateasthe |
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| 49 | | - | 31rateofinterestfordelinquenttaxesdeterminedbythedirectorofrevenueinaccordance |
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| 50 | | - | 32withsection32.065,if,andtotheextentthecommissiondetermines,inasubsequent |
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| 51 | | - | 33complaintorgeneralrateproceeding,thatconstructioncostsgivingrisetothe |
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| 52 | | - | 34constructionworkinprogressincludedinratebasewereimprudentlyincurred.Return |
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| 53 | | - | 35deferredundersubdivision(2)ofsubsection3ofsection393.1400forplantthathasbeen |
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| 54 | | - | 36includedinbaseratesasconstructionworkinprogressshalloffsettheamountsdeferred |
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| 55 | | - | 37undersection393.1400. |
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| 56 | | - | 38 4.ThissectionshallexpireonDecember31,2035,unlessthecommission |
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| 57 | | - | 39determines,afterahearingconductedin2035,uponasubmissionfromanelectrical |
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| 58 | | - | 40corporationofanapplicationrequestinganddemonstratingthatgoodcauseexiststo |
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| 59 | | - | 41extendtheeffectivenessofthissubsectionthroughDecember31,2045.Thesecretaryof |
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| 60 | | - | 42thecommissionshallnotifytherevisorofstatuteswhentheconditionssetforthforthe |
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| 61 | | - | 43extensionofthissubsectionhavebeenmet. |
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| 62 | | - | 44 5.Thecommissionmaypromulgaterulestoassistintheimplementationofthis |
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| 63 | | - | 45section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis |
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| 64 | | - | 46createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifit |
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| 65 | | - | 47complieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable, |
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| 66 | | - | 48section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers |
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| 67 | | - | 49vestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe |
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| 68 | | - | HCSHB50 2 50effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional, |
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| 69 | | - | 51thenthegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust |
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| 70 | | - | 5228,2025,shallbeinvalidandvoid. |
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| 37 | + | 19 3.Theprovisionsofsection393.135shallnotapplytoacleanbaseload |
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| 38 | + | 20generatingplantiftheplantisratedatsixhundredmegawattsorless.Beforeanysuch |
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| 39 | + | 21constructionworkbegins,anelectricalcorporationseekingtoincludeconstruction |
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| 40 | + | 22workinprogressinratesshallfilewiththecommissionaplandetailingtheprojected |
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| 41 | + | 23costsoftheprojectandtheplantorecoverthosecoststhroughrates.Costsrecovered |
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| 42 | + | 24byanelectricalcorporationundertheprovisionsofthissectionaresubjecttoinclusion |
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| 43 | + | 25orexclusionfromratesinaratemakingproceedingpursuanttothecommission's |
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| 44 | + | 26authoritytodeterminejustandreasonablerates.Inaddition,thecommissionmay |
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| 45 | + | 27authorizeanelectricalcorporationtomakeordemandchargesforservicebasedin |
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| 46 | + | 28wholeorinpartonadditionalamortizationstomaintaintheelectricalcorporation's |
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| 47 | + | 29financialratiosthatwill,inthecommission'sjudgment,betterenabletheelectrical |
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| 48 | + | 30corporationtocost-effectivelyconstructacleanbaseloadgeneratingplant. |
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| 49 | + | 31 4.Thecommissionmaypromulgaterulestoassistintheimplementationofthis |
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| 50 | + | 32section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis |
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| 51 | + | 33createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifit |
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| 52 | + | 34complieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable, |
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| 53 | + | 35section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers |
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| 54 | + | 36vestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe |
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| 55 | + | 37effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional, |
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| 56 | + | 38thenthegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust |
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| 57 | + | 3928,2025,shallbeinvalidandvoid. |
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