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MO SB1143
Bill
AI Summary
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Aluminum smelting facilities using 3+ million megawatt hours annually may apply to the Public Service Commission for a special electricity rate, either independently or jointly with an electrical corporation
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Initial rates must be set within 5% of the global average electricity price for aluminum smelters (excluding China), as reported by the CRU Aluminum Smelter Power Tariff index
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Rates increase by 1% annually for the first five years; for contracts exceeding five years, rates reset annually to the global average price with adjustments capped at 6% per year
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Electrical corporations may create a regulatory asset to recover the revenue difference between the aluminum smelter rate and standard rates
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Facilities must maintain full-time employment at 1.5 times their megawatt demand to remain eligible for the special rate
Legislative Description
Allows aluminum smelting facilities to submit an application, or aluminum smelting facilities together with an electrical corporation to submit a contract, to the Public Service Commission for an aluminum smelter rate
Last Action
Second Read and Referred S Commerce, Consumer Protection, Energy and the Environment Committee
3/3/2016