MO HB2448

Public Service Commission must perform a cost-benefit analysis before approving investor-owned utility requests for new or expandable renewable energy sourcing under sections 393.1025 to 393.1030.

Utilities must provide all possible locations within and outside Missouri for proposed renewable energy facilities; cost-benefit analysis must compare only these identified sites.

Analysis must evaluate economic benefits including construction and maintenance jobs, landowner payments, state income taxes, sales taxes, property taxes, local economic multipliers, and other Missouri citizen benefits.

Analysis must also evaluate all costs including electricity costs to ratepayers and increased Missouri unemployment payments; if Missouri benefits exceed costs, Commission must require facility to be built in Missouri; if costs exceed benefits, Commission shall not oppose out-of-state construction.

Renewable energy credits cannot be used to satisfy portfolio requirements, purchased power agreements must be evaluated based on actual power source location, and Commission has rulemaking authority and may hire outside consultants to conduct the analysis.