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MO SB310
Bill
AI Summary
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Electrical corporations may defer depreciation expense and return on "qualifying electric plant" investments and include these amounts in rate base during general rate proceedings, with deferred amounts amortized over 35 years
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Qualifying electric plant includes replacements or modernizations of obsolete transmission, distribution, and generation facilities; grid automation technologies like automated switches and sensors; projects to harden the grid against severe weather or earthquakes; and capital projects required to comply with federal, state, or local regulations
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Large industrial customers with minimum billing demand of 5 megawatts or more are excluded from rate increases resulting from these regulatory assets
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Maximum revenue requirement impact is capped at 1% multiplied by the number of completed months since the last rate case, divided by 12; amounts exceeding this cap are not recoverable in rates
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The Public Service Commission retains authority to review qualifying plant investments for prudence and may disallow costs in rate proceedings
Legislative Description
Allows electrical corporations to recover depreciation expense and return for qualifying electric plants placed in service
Last Action
Hearing Cancelled S Commerce, Consumer Protection, Energy and the Environment Committee
2/17/2015