| 1 | 1 | | LRB-5264/1 |
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| 2 | 2 | | EHS:amn |
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| 3 | 3 | | 2023 - 2024 LEGISLATURE |
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| 4 | 4 | | 2023 SENATE BILL 760 |
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| 5 | 5 | | December 8, 2023 - Introduced by Senators ROYS, LARSON, AGARD, TAYLOR and |
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| 6 | 6 | | SPREITZER, cosponsored by Representatives N EUBAUER, J. ANDERSON, |
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| 7 | 7 | | EMERSON, C. ANDERSON, BALDEH, BARE, CONLEY, CONSIDINE, JACOBSON, JOERS, |
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| 8 | 8 | | MOORE OMOKUNDE, OHNSTAD, MADISON, PALMERI, RATCLIFF, SHELTON, SINICKI, |
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| 9 | 9 | | STUBBS, SUBECK and VINING. Referred to Committee on Utilities and |
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| 10 | 10 | | Technology. |
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| 11 | 11 | | AN ACT to create 196.025 (1h) of the statutes; relating to: considering the social |
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| 12 | 12 | | cost of carbon emissions. |
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| 13 | 13 | | Analysis by the Legislative Reference Bureau |
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| 14 | 14 | | This bill requires the Public Service Commission to consider the social cost of |
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| 15 | 15 | | carbon in determining whether to issue certificates required to construct large |
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| 16 | 16 | | electric generating facilities or high-voltage transmission lines or to engage in |
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| 17 | 17 | | certain other public utility projects. The bill defines “social cost of carbon” as the |
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| 18 | 18 | | social cost of carbon estimated in a technical support document prepared by the |
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| 19 | 19 | | federal Interagency Working Group on Social Cost of Greenhouse Gases for the use |
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| 20 | 20 | | of federal agencies in preparing regulatory impact analyses. |
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| 21 | 21 | | For further information see the state fiscal estimate, which will be printed as |
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| 22 | 22 | | an appendix to this bill. |
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| 23 | 23 | | The people of the state of Wisconsin, represented in senate and assembly, do |
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| 24 | 24 | | enact as follows: |
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| 25 | 25 | | SECTION 1. 196.025 (1h) of the statutes is created to read: |
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| 26 | 26 | | 196.025 (1h) SOCIAL COST OF CARBON EMISSIONS. (a) In this subsection, “social |
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| 27 | 27 | | cost of carbon” means the social cost of carbon as estimated in the Interagency |
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| 28 | 28 | | Working Group on Social Cost of Greenhouse Gases's Technical Support Document: |
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| 34 | 34 | | 6 - 2 -2023 - 2024 Legislature LRB-5264/1 |
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| 35 | 35 | | EHS:amn |
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| 36 | 36 | | SECTION 1 SENATE BILL 760 |
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| 37 | 37 | | Technical Update of the Social Cost of Carbon for Regulatory Impact Analysis – |
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| 38 | 38 | | Under Executive Order 12866 – August 2016, or, if revised, the most updated version |
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| 39 | 39 | | of that document. |
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| 40 | 40 | | (b) The commission shall consider the social cost of carbon in determining |
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| 41 | 41 | | whether to issue certificates under ss. 196.49 and 196.491 (3). |
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| 42 | 42 | | SECTION 2.0Initial applicability. |
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| 43 | 43 | | (1) The treatment of s. 196.025 (1h) (b) first applies to applications for |
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| 44 | 44 | | certificates that are received on the effective date of this subsection. |
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| 45 | 45 | | (END) |
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