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MO SB400
Bill
Status
2/27/2013
Primary Sponsor
Jason Holsman
Click for details
AI Summary
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Repeals section 393.1050 and revises sections 393.1025 and 393.1030 relating to Missouri's renewable energy standard for electric utilities
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Establishes escalating renewable energy portfolio requirements: 2% for 2011-2013, 5% for 2014-2017, 10% for 2018-2020, and 15% for 2021 and beyond, with at least 2% from solar energy
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Allows utilities to comply through purchasing renewable energy credits (RECs) provided the associated energy was sold to Missouri consumers, with Missouri-generated energy counting as 1.25 kilowatt-hours for compliance purposes
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Defines renewable energy resources to include wind, solar, hydropower (up to 10 megawatts), methane from various sources, biomass, and other non-nuclear sources certified by the Department of Natural Resources
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Requires utilities to offer $2 per installed watt rebates for customer solar installations (up to 25 kilowatts) and limits rate increases to 1% maximum for renewable energy compliance costs
Legislative Description
Modifies provisions relating to the renewable energy standard
Last Action
Hearing Cancelled S Commerce, Consumer Protection, Energy and the Environment Committee
5/14/2013