MO SB359

Prohibits electrical corporations from charging ratepayers for construction-in-progress costs or other expenses associated with owning, operating, maintaining, or financing property before it becomes fully operational.

Requires electrical corporations seeking an early site permit from the U.S. Nuclear Regulatory Commission to submit monitoring reports to the commission every six months documenting work completed, expenditures to date, and anticipated future expenditures.

Allows electrical corporations that obtain an early site permit and comply with reporting requirements to recover prudently incurred costs from ratepayers up to a $45 million cap, recovered over a maximum of 20 years plus commission-approved interest on the uncollected balance.

Requires the corporation to credit ratepayers if it subsequently sells, transfers, or receives reimbursement for early site permit costs, with interest on uncredited balances calculated at the commission-approved short-term borrowing rate.

Directs the commission to examine whether an electrical corporation acted imprudently if it fails to obtain a combined license or commence construction by the time the early site permit expires, and to order ratepayer credits over 5-10 years if imprudence is found.