MO HB2204

Electrical corporations may place deferred depreciation expenses and return for qualifying electric plant assets into a regulatory asset account included in their rate base during the next general rate proceeding.

The regulatory asset account balance may be amortized and recovered in rates over a period of 35 years, subject to the Public Service Commission's review for prudence.

Maximum average retail rate increase from the regulatory asset account is limited to 1 percent multiplied by the number of completed months since the most recent general rate proceeding, divided by 12.

Customers with minimum billing demand of 5 megawatts or more are excluded from rate increases due to the regulatory asset account inclusion.

Qualifying electric plants include environmental compliance projects, aging infrastructure replacements, grid automation and hardening projects, and solar generation facilities required by law.