MO SB878

Establishes the "Competitive Energy for Missouri Jobs Act" to create a transparent request for proposals (RFP) process for electrical corporations acquiring or constructing supply-side resources of five megawatts or more with contracted terms of eighteen months or longer

Requires the Missouri Public Service Commission to establish the RFP process by August 28, 2015, with stakeholder input, and mandates electrical corporations to file resource plans every three years

Mandates RFPs include detailed specifications such as megawatt size, in-service date, fuel type, cost estimates, annual revenue requirements, and evaluation criteria including technical viability, environmental compliance, and pricing structure

Requires an independent evaluator chosen through a separate RFP process to evaluate all bids equally, including the utility's own "self-build option," while maintaining confidentiality of proprietary bidding information

Presumes electrical corporation costs for the RFP process and new supply-side resources are reasonable and prudent, but allows the commission to deny cost recovery for imprudence, non-compliance, or failure to ensure competitive bidding; prohibits recovery of self-build costs exceeding the RFP bid proposal