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MO HB82

Bill

Status

Introduced

1/5/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Repeals and replaces sections 393.1025 and 393.1030 of Missouri law relating to renewable energy standards for electric utilities.

  • Adds a new definition of "small modular reactors" as nuclear reactors with a rated capacity of less than 350 electrical megawatts that can be constructed and operated in combination at a single site.

  • Allows electricity generated from small modular reactors to count toward meeting the renewable energy portfolio requirements alongside traditional renewable energy sources like wind, solar, and hydropower.

  • Maintains existing portfolio requirements: 2% for 2011-2013, 5% for 2014-2017, 10% for 2018-2020, and 15% beginning in 2021, with at least 2% from solar energy.

  • Preserves all existing compliance mechanisms including renewable energy credit trading, a 1% maximum average retail rate increase cap, penalties for non-compliance, and customer rebate requirements for solar installations.

Legislative Description

Defines "small modular reactors" and allows energy produced by these reactors to be used to meet the Renewable Energy Standard percentage requirements for investor-owned electric utilities

Last Action

Referred: Special Standing Committee on Renewable Energy

1/27/2011

Full Bill Text

No bill text available