| 1 | 1 | | FIRSTREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.853 |
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| 3 | 3 | | 103RDGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEHURLBERT. |
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| 5 | 5 | | 2153H.01I JOSEPHENGLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Torepealsection393.135,RSMo,andtoenactinlieuthereofthreenewsectionsrelatingto |
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| 8 | 8 | | electricalcorporations. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Section393.135,RSMo,isrepealedandthreenewsectionsenactedinlieu |
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| 11 | 11 | | 2thereof,tobeknownassections393.135,393.1080,and393.1090,toreadasfollows: |
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| 12 | 12 | | 393.135.1.Exceptasprovidedinsubsection2ofthissection,anychargemadeor |
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| 13 | 13 | | 2demandedbyanelectricalcorporationforservice,orinconnectiontherewith,whichisbased |
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| 14 | 14 | | 3onthecostsofconstructioninprogressuponanyexistingornewfacilityoftheelectrical |
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| 15 | 15 | | 4corporation,oranyothercostassociatedwithowning,operating,maintaining,orfinancing |
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| 16 | 16 | | 5anypropertybeforeitisfullyoperationalandusedforservice,isunjustandunreasonable, |
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| 17 | 17 | | 6andisprohibited. |
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| 18 | 18 | | 7 2.(1)Anelectricalcorporationshallbepermitted,subjecttothelimitationsin |
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| 19 | 19 | | 8thissubsection,toincludeconstructionworkinprogressforanynewnaturalgas- |
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| 20 | 20 | | 9generatingunitinratebaseamountsrecorded.Theinclusionofconstructionworkin |
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| 21 | 21 | | 10progressallowedunderthissubsectionshallbeinlieuofanyotherwiseapplicable |
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| 22 | 22 | | 11allowanceforfundsusedduringconstructionthatwouldhaveaccruedfromandafter |
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| 23 | 23 | | 12theeffectivedateofnewbaseratesthatreflectinclusionoftheconstructionworkin |
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| 24 | 24 | | 13progressinratebase.Thecommissionshalldetermine,inaproceedingundersection |
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| 25 | 25 | | 14393.170,theamountofconstructionworkinprogressthatmaybeincludedinratebase. |
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| 26 | 26 | | 15Theamountshallbelimitedbytheestimatedcostofsuchprojectandproject |
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| 27 | 27 | | 16expendituresmadewithintheestimatedconstructionperiodforsuchproject.Baserate |
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| 28 | 28 | | 17recoveriesarisingfrominclusionofconstructionworkinprogressinbaseratesare |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18subjecttorefund,togetherwithinterestontherefundedamountatthesamerateasthe |
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| 31 | 31 | | 19rateofinterestfordelinquenttaxesdeterminedbythedirectorofrevenueinaccordance |
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| 32 | 32 | | 20withsection32.065,if,andtotheextentthecommissiondetermines,inasubsequent |
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| 33 | 33 | | 21complaintorgeneralrateproceeding,thatconstructioncostsgivingrisetothe |
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| 34 | 34 | | 22constructionworkinprogressincludedinratebasewereimprudentlyincurred.Return |
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| 35 | 35 | | 23deferredundersubdivision(2)ofsubsection3ofsection393.1400forplantthathasbeen |
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| 36 | 36 | | 24includedinbaseratesasconstructionworkinprogressshalloffsettheamountsdeferred |
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| 37 | 37 | | 25undersection393.1400. |
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| 38 | 38 | | 26 (2)ThissubsectionshallexpireonDecember31,2035,unlessthecommission |
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| 39 | 39 | | 27determines,afterahearingconductedin2035,uponasubmissionfromanelectrical |
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| 40 | 40 | | 28corporationofanapplicationrequestinganddemonstratingthatgoodcauseexiststo |
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| 41 | 41 | | 29extendtheeffectivenessofthissubsectionthroughDecember31,2045.Thesecretaryof |
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| 42 | 42 | | 30thecommissionshallnotifytherevisorofstatuteswhentheconditionssetforthforthe |
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| 43 | 43 | | 31extensionofthissubsectionhavebeenmet. |
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| 44 | 44 | | 393.1080.1.Thecommissionmayrequireelectricalcorporationstoprovide |
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| 45 | 45 | | 2documentationannually,inaformatdeterminedbythecommission,reflectingitsplan |
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| 46 | 46 | | 3toownorhaverightstosufficientcapacitytomeetitscapacityobligationsforthe |
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| 47 | 47 | | 4upcomingplanningyearandeachofthethreesubsequentplanningyears.Electrical |
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| 48 | 48 | | 5corporationsshallsubmitsuchdocumentation,whichshallincludeitscapacityposition |
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| 49 | 49 | | 6fortheupcomingandthreesubsequentplanningyearsconsistentwithresource |
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| 50 | 50 | | 7adequacyrequirementsoftheappropriateregionaltransmissionorganizationor |
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| 51 | 51 | | 8independentsystemoperatororcommission,includingbyseasonorotherapplicable |
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| 52 | 52 | | 9period,withinthirtydaysaftertheappropriateregionaltransmissionorganizationor |
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| 53 | 53 | | 10independentsystemoperatororcommission,ifapplicable,makesafinaldetermination |
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| 54 | 54 | | 11astotheelectricalcorporation’sresourceadequacyrequirementsfortheupcoming |
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| 55 | 55 | | 12planningyear. |
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| 56 | 56 | | 13 2.Thecommissionmayrequireanyadditionalauditsandreportingasthe |
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| 57 | 57 | | 14commissionconsidersnecessarytodetermineifanelectricalcorporation’splanprovides |
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| 58 | 58 | | 15forelectricalcorporationownershiporcontractualrightstosufficientcapacityforthe |
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| 59 | 59 | | 16planningyearbeginningfouryearsafterthebeginningofthecurrentplanningyear. |
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| 60 | 60 | | 17 3.Ifanelectricalcorporationfailstohavesufficientcapacityfortheupcoming |
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| 61 | 61 | | 18planningyearanditisdeterminedbythecommissiontobetheresultoftheelectrical |
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| 62 | 62 | | 19corporation’simprudence,thecommissionmaydisallow,afterahearing,anyassociated |
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| 63 | 63 | | 20costsrelatedtosaidfailureinafutureproceeding.Thecommissionmayrequire |
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| 64 | 64 | | 21submissionofaplanwithinsixmonthstoresolveanyexpectedcapacitydeficiencyfor |
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| 65 | 65 | | 22thesubsequentthreeplanningyears. |
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| 66 | 66 | | 23 4.Asusedinthissection,thefollowingtermsshallmean: |
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| 67 | 67 | | HB853 2 24 (1)"Appropriateregionaltransmissionorganizationorindependentsystem |
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| 68 | 68 | | 25operator",theMidcontinentIndependentSystemOperatorortheSouthwestPower |
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| 69 | 69 | | 26Pool,oranysuccessororganization; |
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| 70 | 70 | | 27 (2)"Sufficientcapacity",ownedorcontracted-forcapacitythatmeetsthe |
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| 71 | 71 | | 28planningreservemarginorsuccessormetricestablishedbytheappropriateregional |
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| 72 | 72 | | 29transmissionorganizationorindependentsystemoperatoror,inthecaseofanelectrical |
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| 73 | 73 | | 30corporationthatisnotaparticipantinaregionaltransmissionorganizationor |
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| 74 | 74 | | 31independentsystemoperator,thatmeetstheplanningreservemarginorsuccessor |
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| 75 | 75 | | 32metricestablishedbythecommission. |
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| 76 | 76 | | 33 5.Thecommissionmaypromulgaterulesnecessarytoimplementtheprovisions |
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| 77 | 77 | | 34ofthissection.Anyruleorportionofarule,asthattermisdefinedinsection536.010, |
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| 78 | 78 | | 35thatiscreatedundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyif |
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| 79 | 79 | | 36itcomplieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable, |
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| 80 | 80 | | 37section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers |
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| 81 | 81 | | 38vestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe |
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| 82 | 82 | | 39effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional, |
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| 83 | 83 | | 40thenthegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust |
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| 84 | 84 | | 4128,2025,shallbeinvalidandvoid. |
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| 85 | 85 | | 393.1090.1.Thecommissionshall,byAugust28,2026,andeveryfouryearsor |
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| 86 | 86 | | 2asneededthereafter,commenceanintegratedresourceplanningproceedingfor |
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| 87 | 87 | | 3electricalcorporations,tobeconductedundertherulestobeadoptedtoimplementthis |
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| 88 | 88 | | 4section.Aspartofsuchproceeding,thecommissionshall: |
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| 89 | 89 | | 5 (1)Identifyanyrequiredplanningreservemarginsandapplicablelocalclearing |
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| 90 | 90 | | 6requirementsandanyproposedplanningreservemarginsandlocalclearing |
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| 91 | 91 | | 7requirementsthatarescheduledtotakeeffectwithinarelevantfuturetimeframe; |
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| 92 | 92 | | 8 (2)Identifysignificantexistingorproposedstateorfederalenvironmental |
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| 93 | 93 | | 9regulations,laws,orrulesandidentifyhoweachsuchregulation,law,orrulewould |
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| 94 | 94 | | 10applytoelectricalcorporationsinthisstate; |
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| 95 | 95 | | 11 (3)Establishanalternativeresourceplanorplansthatshallbeincludedin |
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| 96 | 96 | | 12electricalcorporationintegratedresourcefilingsrequiredbysubsection3ofthissection |
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| 97 | 97 | | 13andthefactorsthateachelectricalcorporationshouldtakeintoaccountindeveloping |
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| 98 | 98 | | 14suchplansincluding,butnotlimitedto,allofthefollowing: |
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| 99 | 99 | | 15 (a)Projectedplanningreservemarginsandlocalclearingrequirementsandthe |
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| 100 | 100 | | 16environmentalregulations,laws,orrulesidentifiedinsubdivisions(1)and(2)ofthis |
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| 101 | 101 | | 17subsection,respectively; |
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| 102 | 102 | | 18 (b)Projectionsoffutureloads,includingbothenergyandcapacityoverthe |
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| 103 | 103 | | 19planningperiod; |
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| 104 | 104 | | HB853 3 20 (c)Thesupply-sideanddemand-sideresourcesthatreasonablycouldaddress |
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| 105 | 105 | | 21anyneedforadditionalenergyandcapacityincluding,butnotlimitedto,thetypeof |
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| 106 | 106 | | 22generationtechnologyforanyproposedgenerationfacility,projectedloadimpactdueto |
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| 107 | 107 | | 23electrificationoreconomicdevelopmentprojects,andprojectedloadmanagementand |
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| 108 | 108 | | 24demandresponsesavings; |
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| 109 | 109 | | 25 (d)Theprojectedcostofdifferenttypesoftechnologiesandfuelusedforelectric |
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| 110 | 110 | | 26generation;and |
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| 111 | 111 | | 27 (e)Anyotherfactorsthecommissionmayordertobeconsidered; |
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| 112 | 112 | | 28 (4)Identifyordesignateanysoftware,datastandards,andformattingtobeused |
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| 113 | 113 | | 29inmodelingthealternativeresourceplanorplansundersubdivision(3)ofthis |
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| 114 | 114 | | 30subsection;and |
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| 115 | 115 | | 31 (5)Completesuchproceedingnolessthaneighteenmonthspriortothefirst |
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| 116 | 116 | | 32integratedresourceplanfilingprovidedforbysubsection2ofthissection. |
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| 117 | 117 | | 33 2.NotlaterthanAugust28,2027,thecommissionshall,underrulestobe |
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| 118 | 118 | | 34adoptedtoimplementthissection,publishascheduleforelectricalcorporationstofile |
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| 119 | 119 | | 35integratedresourceplanseveryfouryears,withthefirstintegratedresourceplanfiling |
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| 120 | 120 | | 36tooccurnotbeforethefirstdayofthenineteenthmonthafterpublicationofsuch |
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| 121 | 121 | | 37schedule.Eachelectricalcorporationshall,accordingtothepublishedschedule,file |
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| 122 | 122 | | 38withthecommissionanintegratedresourceplanthatincludesanalternativeresource |
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| 123 | 123 | | 39planorplansmeetingtherequirementsofsubdivision(3)ofsubsection1ofthissection |
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| 124 | 124 | | 40andsuchotheralternativeresourceplansastheelectricalcorporationdeems |
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| 125 | 125 | | 41appropriate.Allalternativeresourceplansshallcoveraminimumsixteen-year |
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| 126 | 126 | | 42planninghorizon.Allsuchplansshallreflectprojectionsofthecorporation’sload |
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| 127 | 127 | | 43obligationsandhowundereachsuchplantheelectricalcorporationwouldreliablymeet |
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| 128 | 128 | | 44itsprojectedloadobligationsoversuchperiodsconsistentwithapplicableplanning |
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| 129 | 129 | | 45reservemargins,localclearingrequirements,andapplicablestateandfederal |
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| 130 | 130 | | 46environmentalregulations,laws,orrules. |
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| 131 | 131 | | 47 3.Withoutlimitingtherequirementssetforthinsubsection2ofthissection,an |
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| 132 | 132 | | 48electricalcorporation’sintegratedresourceplanfilingshallinclude: |
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| 133 | 133 | | 49 (1)Informationregardinggeneratingunitsintheelectricalcorporation’s |
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| 134 | 134 | | 50existingportfolioincluding,butnotlimitedto,unitcharacteristics;currentand |
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| 135 | 135 | | 51expectedaccreditedcapacitybyseason;licensingstatus;currentdepreciationratesfor |
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| 136 | 136 | | 52eachgeneratingunit;currentlyexpectedretirementdatesand,ifapplicable,any |
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| 137 | 137 | | 53remainingusefullifeofeachgeneratingunit,andidentificationofpotentialcapital |
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| 138 | 138 | | 54projectsthatarereasonablyexpectedtoresultintheextensionoftheretirementdateof |
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| 139 | 139 | | 55eachgeneratingunit; |
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| 140 | 140 | | HB853 4 56 (2)Plansformeetingcurrentandfuturegenerationattributeneedswith |
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| 141 | 141 | | 57estimatesofthecapitalandoperatingandmaintenancecostsovertheplanninghorizon |
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| 142 | 142 | | 58forallproposedconstructionandmajorinvestmentsinnewgeneratingunits,including |
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| 143 | 143 | | 59costsassociatedwithtransmissionordistributioninfrastructurethatwouldberequired |
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| 144 | 144 | | 60tointegratesuchinvestmentsintotheelectricalcorporation’ssystem; |
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| 145 | 145 | | 61 (3)Identificationofthegenerationattributesnecessaryfortheprovisionofsafe |
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| 146 | 146 | | 62andadequateserviceatjustandreasonablerates.Asusedinthissection"generation |
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| 147 | 147 | | 63attributes"meansthecapacity,energy,andothergeneratingunitcapabilitiesusedin |
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| 148 | 148 | | 64regionalenergyandcapacitymarketstodifferentiateservicesthatcanbeprovidedby |
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| 149 | 149 | | 65varioustypesofgeneratingunits; |
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| 150 | 150 | | 66 (4)Analysisofthecost,performance,expectedaccreditedcapacitybyseason, |
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| 151 | 151 | | 67andviabilityofallreasonableoptionsavailabletomeetprojectedgenerationattribute |
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| 152 | 152 | | 68needsincluding,butnotlimitedto,existingelectricgenerationfacilitiesandan |
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| 153 | 153 | | 69explanationofwhyitselectedtheoptionsitdidforitsplans; |
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| 154 | 154 | | 70 (5)Analysisofalternativeresourceplanstotestriskfactorsidentifiedbythe |
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| 155 | 155 | | 71electricalcorporation; |
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| 156 | 156 | | 72 (6)Anexplanationofhowtheelectricalcorporationusescapacityexpansion |
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| 157 | 157 | | 73optimizationsoftwareforthedevelopmentofalternativeresourceplans; |
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| 158 | 158 | | 74 (7)Projectionsofrateimpacts,includingfromfuelcostsofthetopfour |
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| 159 | 159 | | 75alternativeresourceplans,andincludingthepreferredplanfortheperiodscoveredby |
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| 160 | 160 | | 76theplan; |
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| 161 | 161 | | 77 (8)Forecastsoftheelectricalcorporation’ssalesbyhourundervarious |
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| 162 | 162 | | 78reasonablescenarios; |
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| 163 | 163 | | 79 (9)Thetypesofgenerationtechnologiesproposedforgenerationfacilities |
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| 164 | 164 | | 80containedintheplansandtheproposedaccreditedcapacityofthegenerationfacilities |
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| 165 | 165 | | 81asestimatedbythecorporationandtherelevantregionaltransmissionorganizationor |
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| 166 | 166 | | 82independentsystemoperator,includingprojectedfuelcostsundervariousreasonable |
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| 167 | 167 | | 83scenarios; |
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| 168 | 168 | | 84 (10)Ananalysisofpotentialneworupgradedelectrictransmissionand |
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| 169 | 169 | | 85distributionoptionsfortheelectricalcorporation; |
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| 170 | 170 | | 86 (11)Analysisoftheprojectedfirmgastransportationcontractsornaturalgas |
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| 171 | 171 | | 87storagetheelectricalcorporationwillholdtoprovideanadequatesupplyoffueltoa |
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| 172 | 172 | | 88newgenerationfacility.Asusedinthissection,"firmgastransportation"meansan |
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| 173 | 173 | | 89anticipatedagreemententeredintobetweentheelectricalcorporationandanaturalgas |
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| 174 | 174 | | 90transmissionproviderforasetperiodtoprovidefirmdeliveryofnaturalgastoan |
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| 175 | 175 | | 91electricgenerationfacility; |
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| 176 | 176 | | HB853 5 92 (12)Projectedloadmanagement,demandresponseimpact,andpeakdemand |
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| 177 | 177 | | 93reductionfortheelectricalcorporationincluding,butnotlimitedto,themagnitudeof |
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| 178 | 178 | | 94expectedloadimpactsduringtheanticipatedhours,seasons,andyearsandthe |
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| 179 | 179 | | 95projectedcostsforthoseprograms; |
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| 180 | 180 | | 96 (13)Anexplanationofhowtheelectricalcorporationwillcomplywithall |
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| 181 | 181 | | 97applicablestateandfederalenvironmentalregulations,laws,andrulesandthe |
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| 182 | 182 | | 98projectedcostsofcomplyingwiththoseregulations,laws,andrules; |
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| 183 | 183 | | 99 (14)Expectedresourceplanningandsystemimpactsofdraftprogramsand |
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| 184 | 184 | | 100mechanismsassociatedwithnewload,reducedload,orretainedloadassociatedwith |
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| 185 | 185 | | 101economicdevelopmentratesorridersandprogramsofferedinaccordancewithsection |
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| 186 | 186 | | 102393.1075,aswellasotherprogramsofferedunderanyotherauthority; |
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| 187 | 187 | | 103 (15)Resultsfromarequestforinformationorproposalstoprovideanynew |
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| 188 | 188 | | 104supply-sideresourcesneededtoservethecorporation’sprojectedelectricload, |
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| 189 | 189 | | 105applicableplanningreservemargin,andlocalclearingrequirementduringtheinitial |
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| 190 | 190 | | 106four-yearplanningperiod.Therequestforinformationorproposalsmaydefine |
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| 191 | 191 | | 107qualifyingperformancestandards,contractterms,technicalcompetence,capability, |
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| 192 | 192 | | 108reliability,creditworthiness,pastperformance,andothercriteriathatresponsesand |
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| 193 | 193 | | 109respondentstotherequestforinformationshallmeetinordertobeconsideredbythe |
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| 194 | 194 | | 110corporationinitsintegratedresourceplan.Respondentstoarequestforinformationor |
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| 195 | 195 | | 111proposalsmayrequestthatcertainproprietaryinformationbetreatedasconfidentialor |
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| 196 | 196 | | 112highlyconfidentialpursuanttothecommission’sgoverningrules.Acorporationthat |
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| 197 | 197 | | 113issuesarequestforinformationorproposalsunderthissubsectionshallusethe |
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| 198 | 198 | | 114resultinginformationorproposalstoinformitsintegratedresourceplanandincludeall |
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| 199 | 199 | | 115ofthesubmittedinformationorproposalsasattachmentstoitsintegratedresourceplan |
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| 200 | 200 | | 116filing; |
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| 201 | 201 | | 117 (16)Selectionofapreferredresourceplan; |
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| 202 | 202 | | 118 (17)Delineationofanimplementationplancoveringafour-yearimplementation |
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| 203 | 203 | | 119periodendingthreehundredsixty-fivedaysaftertheelectricalcorporation’snext- |
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| 204 | 204 | | 120scheduledquadrennialintegratedresourceplanfiling,whichshallspecifythe |
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| 205 | 205 | | 121constructionoracquisitionbytheutilityofspecificsupply-sideresourcesora |
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| 206 | 206 | | 122specifiedquantityofsupply-sideresourcesbysupply-sideresourcetype,orboth,for |
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| 207 | 207 | | 123whichconstructionoracquisitionisplannedtocommencewithinsaidfour-year |
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| 208 | 208 | | 124implementationperiod;and |
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| 209 | 209 | | 125 (18)Anyotherinformationthatthecommissionmayspecifybyrule. |
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| 210 | 210 | | 126 4.Thecommissionshall,afterahearing,issueareportandordernolaterthan |
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| 211 | 211 | | 127threehundredsixtydaysaftertheelectricalcorporationfilesanintegratedresource |
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| 212 | 212 | | 128planunderthissectionunlessextendedforgoodcausebythecommission.Uptoone |
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| 213 | 213 | | HB853 6 129hundredfiftydaysafteranelectricalcorporationmakesitsinitialintegratedresource |
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| 214 | 214 | | 130planfiling,theelectricalcorporationmayfiletoupdatethecostestimatesprovided |
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| 215 | 215 | | 131undersubdivision(2)ofsubsection3ofthissectionifthosecostestimateshave |
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| 216 | 216 | | 132materiallychanged.Anelectricalcorporationshallnotmodifyanyotheraspectofthe |
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| 217 | 217 | | 133initialintegratedresourceplanfilingunlessthecommissiongrantstheelectrical |
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| 218 | 218 | | 134corporationtheabilitytodoso.Thecommission’sreportandordershalldetermine |
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| 219 | 219 | | 135whethertheelectricalcorporationhassufficientlysubmittedandselectedapreferred |
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| 220 | 220 | | 136resourceplanthatrepresentsareasonableandprudentmeansofmeetingtheelectrical |
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| 221 | 221 | | 137corporation’sloadservingobligationsatjustandreasonablerates.Inmakingthis |
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| 222 | 222 | | 138determination,thecommissionshallconsiderwhetheritappropriatelybalancesallof |
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| 223 | 223 | | 139thefollowingfactors: |
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| 224 | 224 | | 140 (1)Resourceadequacytoserveanticipatedpeakelectricloadandseasonalpeak |
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| 225 | 225 | | 141demandforecasts,applicableplanningreservemargin,localclearingrequirements,and |
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| 226 | 226 | | 142theroleofenergyandcapacitymarkets; |
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| 227 | 227 | | 143 (2)Reliability; |
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| 228 | 228 | | 144 (3)Rateimpacts; |
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| 229 | 229 | | 145 (4)Overallcost-effectivenessinprovidingservice; |
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| 230 | 230 | | 146 (5)Commoditypricerisks; |
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| 231 | 231 | | 147 (6)Diversityofsupply-sideresources; |
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| 232 | 232 | | 148 (7)Competitivepricing; |
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| 233 | 233 | | 149 (8)Participationinregionaltransmissionorganizationmarkets;and |
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| 234 | 234 | | 150 (9)Compliancewithapplicablestateandfederalenvironmentalregulations. |
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| 235 | 235 | | 151 5.(1)Ifthecommissiondeterminesthatthepreferredresourceplanisa |
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| 236 | 236 | | 152reasonableandprudentmeansofmeetingtheelectricalcorporation’sloadserving |
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| 237 | 237 | | 153obligations,suchdeterminationshallconstitutecommissionpermissionfortheelectrical |
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| 238 | 238 | | 154corporationtoconstructoracquirethespecificsupply-sideresources,oraspecified |
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| 239 | 239 | | 155quantityofsupply-sideresourcesbysupply-sideresourcetype,orboth,thatwere |
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| 240 | 240 | | 156reflectedintheimplementationplansubmittedundersubdivision(15)ofsubsection3of |
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| 241 | 241 | | 157thissection,providedthatconstructioncommencesortheacquisitionagreementis |
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| 242 | 242 | | 158executedwithinthefour-yearimplementationperiod.Withrespecttosuchresources, |
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| 243 | 243 | | 159whentheelectricalcorporationfilesanapplicationforacertificateofconvenienceand |
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| 244 | 244 | | 160necessitytoauthorizeconstructionoracquisitionofsuchresourceorresourcesunder |
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| 245 | 245 | | 161subsection1ofsection393.170,thecommissionshallbedeemedtohavedeterminedthat |
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| 246 | 246 | | 162thesupply-sideresourcesforwhichsuchadeterminationwasmadearenecessaryor |
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| 247 | 247 | | 163convenientforthepublicservice.Insuchacertificateofconvenienceandnecessity |
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| 248 | 248 | | 164proceeding,thecommission’sinquiryshallbelimitedtoconsideringtheelectrical |
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| 249 | 249 | | 165corporation’squalificationstoconstructandoperatetheresources,itsabilitytofinance |
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| 250 | 250 | | HB853 7 166theconstructionoracquisitionoftheresources,andsitingconsiderations.The |
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| 251 | 251 | | 167commissionshalltakeallreasonablestepstoexpeditesuchacertificateofconvenience |
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| 252 | 252 | | 168andnecessityproceedingand,inanyevent,shallissueitsdecisioninsuchaproceeding |
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| 253 | 253 | | 169withinonehundredtwentydaysofthedatethattheelectricalcorporationfilesits |
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| 254 | 254 | | 170application.Anelectricalcorporationshallannually,ormorefrequentlyifrequiredby |
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| 255 | 255 | | 171thecommission,reporttothecommissionregardingthestatusofsupply-sideresources |
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| 256 | 256 | | 172beingimplementedduringtheimplementationperiod. |
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| 257 | 257 | | 173 (2)Ifthecommissiondeterminesthatthepreferredresourceplan,inwholeorin |
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| 258 | 258 | | 174part,isnotareasonableandprudentmeansofmeetingtheelectricalcorporation’sload |
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| 259 | 259 | | 175servingobligations,thecommissionshallhavetheauthoritytospecifyinitsreportand |
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| 260 | 260 | | 176orderthedeficienciesinthepreferredresourceplanandmayrequiretheelectrical |
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| 261 | 261 | | 177corporationtomakeafurtherfilingwithinsixtydaysafterissuanceofthereportand |
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| 262 | 262 | | 178orderaddressingthedeficienciesandtheelectricalcorporationmaypropose |
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| 263 | 263 | | 179modificationstoitsoriginalpreferredresourceplan.Ifsuchanorderrequiringa |
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| 264 | 264 | | 180furtherfilingbytheelectricalcorporationisissued,thecommission’sreportandorder |
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| 265 | 265 | | 181issuedunderthissubsectionshallnotbefinalforpurposesofrehearingundersection |
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| 266 | 266 | | 182386.500orappealundersection386.510.Otherpartiestotheintegratedresourceplan |
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| 267 | 267 | | 183docketshallhavesixtydaystorespondtotheelectricalcorporation’sfurtherfiling |
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| 268 | 268 | | 184unlessextendedforgoodcausebythecommission.Withinsixtydaysafterthedeadline |
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| 269 | 269 | | 185forsuchotherparties’filings,thecommissionshallissueitsreportandorder,which |
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| 270 | 270 | | 186shallbefinalforpurposesofrehearingundersection386.500,andappealundersection |
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| 271 | 271 | | 187386.510indicatingwhetherthedeficiencieshavebeenadequatelyaddressedbythe |
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| 272 | 272 | | 188electricalcorporation’sfurtherfiling,andthecommissionmayapprovetheelectrical |
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| 273 | 273 | | 189corporation’smodifiedpreferredresourceplanandmayapprovespecificsupply-side |
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| 274 | 274 | | 190resourcesoraspecifiedquantityofsupply-sideresourcesbysupply-sideresourcetype, |
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| 275 | 275 | | 191orboth.Ifthecommissionfindscontinueddeficienciesintheelectricalcorporation’s |
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| 276 | 276 | | 192modifiedpreferredresourceplan: |
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| 277 | 277 | | 193 (a)Thecommissionmay,undertheproceduresprovidedforinsection393.270, |
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| 278 | 278 | | 194initiateacomplaintproceeding; |
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| 279 | 279 | | 195 (b)Theelectricalcorporationshallnotbeeligibleforalimitedinquiryinany |
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| 280 | 280 | | 196proceedingundersection393.170assetforthinsubdivision(1)ofthissubsectionforany |
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| 281 | 281 | | 197resourceadditionsnotapprovedbythecommission;and |
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| 282 | 282 | | 198 (c)Theelectricalcorporationshallnotbeeligibleforconstructionworkin |
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| 283 | 283 | | 199progressassetforthinsubdivision(3)ofthissubsectionforanyresourceadditionsnot |
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| 284 | 284 | | 200approvedbythecommission. |
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| 285 | 285 | | 201 (3)Notwithstandingsection393.135tothecontrary,ifapprovedinaproceeding |
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| 286 | 286 | | 202grantingpermissionandapprovalundersubsection1ofsection393.170,electrical |
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| 287 | 287 | | HB853 8 203corporationsmay,subjecttothelimitationsprovidedforinthissubdivision(3),be |
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| 288 | 288 | | 204permittedtoincludeinratebaseamountsrecordedtoconstructionworkinprogressfor |
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| 289 | 289 | | 205theinvestmentsforwhichpermissionisgivenundersubdivision(1)ofsubsection5of |
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| 290 | 290 | | 206thissection.Theinclusionofconstructionworkinprogressallowedunderthis |
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| 291 | 291 | | 207subdivisionshallbeinlieuofanyotherwiseapplicableallowanceforfundsusedduring |
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| 292 | 292 | | 208constructionthatwouldhaveaccruedfromandaftertheeffectivedateofnewbaserates |
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| 293 | 293 | | 209thatreflectinclusionoftheconstructionworkinprogressinratebase.Thecommission |
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| 294 | 294 | | 210shalldetermine,inaproceedingundersection393.170,theamountofconstructionwork |
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| 295 | 295 | | 211inprogressthatmaybeincludedinratebase.Theamountshallbelimitedbythe |
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| 296 | 296 | | 212estimatedcostofsuchprojectandprojectexpendituresmadewithintheestimated |
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| 297 | 297 | | 213constructionperiodforsuchproject.Baseraterecoveriesarisingfrominclusionof |
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| 298 | 298 | | 214constructionworkinprogressinbaseratesaresubjecttorefund,togetherwithinterest |
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| 299 | 299 | | 215ontherefundedamountatthesamerateastherateofinterestfordelinquenttaxes |
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| 300 | 300 | | 216determinedbythedirectorofrevenueinaccordancewithsection32.065,ifandtothe |
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| 301 | 301 | | 217extentthecommissiondetermines,inasubsequentcomplaintorgeneralrate |
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| 302 | 302 | | 218proceeding,thatconstructioncostsgivingrisetotheconstructionworkinprogress |
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| 303 | 303 | | 219includedinratebasewereimprudentlyincurred.Returndeferredundersubdivision |
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| 304 | 304 | | 220(2)ofsubsection3ofsection393.1400foraplantthathasbeenincludedinbaseratesas |
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| 305 | 305 | | 221constructionworkinprogressshalloffsettheamountsdeferredundersection393.1400. |
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| 306 | 306 | | 222 6.Thecommissionshallpromulgaterulesnecessarytoimplementtheprovisions |
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| 307 | 307 | | 223ofthissection.Anyruleorportionofarule,asthattermisdefinedinsection536.010, |
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| 308 | 308 | | 224thatiscreatedundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyif |
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| 309 | 309 | | 225itcomplieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable, |
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| 310 | 310 | | 226section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers |
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| 311 | 311 | | 227vestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe |
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| 312 | 312 | | 228effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional, |
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| 313 | 313 | | 229thenthegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust |
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| 314 | 314 | | 23028,2025,shallbeinvalidandvoid. |
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| 315 | 315 | | ✔ |
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| 316 | 316 | | HB853 9 |
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