MO SB935

Repeals and replaces section 393.1075, RSMo, updating the "Missouri Energy Efficiency Investment Act" to explicitly include solar rebates in the definition of demand-side programs.

Establishes state policy to value demand-side investments equal to traditional supply and delivery infrastructure, with the Public Service Commission required to provide timely cost recovery, align utility incentives with energy efficiency, and provide earnings opportunities for verified efficiency savings.

Permits electric corporations to implement commission-approved demand-side programs with a goal of achieving all cost-effective savings; the total resource cost test is the preferred cost-effectiveness measure, though low-income programs and education campaigns are exempt from cost-effectiveness requirements.

Exempts large industrial customers meeting specific criteria from demand-side program costs if they opt out, including those with 5,000+ kilowatts demand, interstate pipeline pumping stations, or those with 2,500+ kilowatts aggregate demand and comprehensive efficiency programs.

Requires annual reporting by electric corporations documenting program expenditures, energy savings, avoided costs, cost-effectiveness estimates, and net economic benefits; prohibits customers receiving state tax credits under sections 135.350-135.362 or 253.545-253.561 from participating in programs with monetary incentives (except low-income customers), with false documentation constituting a class A misdemeanor.