MO HB124

Prohibits electrical corporations from charging customers for costs of construction in progress or other expenses for property not yet operational and generating service.

Requires electrical corporations seeking early site permits from the U.S. Nuclear Regulatory Commission to submit semi-annual monitoring reports to the Public Service Commission documenting work completed, total expenditures, remaining work, and anticipated costs.

Allows recovery of prudently incurred early site permit expenditures through customer rates over a period not exceeding 20 years, with a commission-approved return on the remaining balance until full recovery, beginning with the first general rate proceeding after the permit is obtained.

Requires electrical corporations that recover early site permit costs from ratepayers and subsequently sell, transfer, or receive reimbursement for their interest in the permit to refund ratepayers the amount recovered up to the original expenditures.

Requires utilities forecasting early site permit expenditures exceeding $40 million to explain in monitoring reports why such expenditures are prudent.