MO HB2816

Creates voluntary performance-based ratemaking system for Missouri electrical corporations, allowing utilities to file annual rate tariffs based on FERC Form 1 data with a fixed 9.45% return on equity adjusted by Treasury bond yields

Limits annual rate increases to 2% for the first two years, then 4.75% annually, with an average cap of 3.5% over the duration of the program; requires annual reconciliation of actual costs with collected revenues

Establishes performance metrics tied to return on equity adjustments (±0.05% each): System Average Interruption Duration Index, System Average Interruption Frequency Index, customer call answer rates, and average call center response times

Requires participating utilities to submit 5-year capital investment plans annually and establish qualified vendor processes for distribution projects over $100,000

Creates special aluminum smelter rates capped at $31.50/MWh initially, set to global average price after 2016, with 1% annual increases; requires smelters to maintain 1.5 employees per megawatt of demand; program expires December 31, 2026