HB 798 Summary

• Delays nuclear and renewable energy credit payments from April 2021 to April 2022, and extends the final payment period from January 2028 to January 2029

• Requires nuclear resource owners to file annual participation notices by December 31 each year (2021-2027) to remain eligible for credit payments

• Modifies nuclear resource audit requirements to be completed by July (instead of May) each year, with consultants presenting findings to legislative committees annually

• Allows nuclear credit payments to be reduced or suspended if market conditions change, such as when market price exceeds strike price or if owners decommission the resource before May 1, 2028

• Requires the Power Siting Board to report to the General Assembly by December 1, 2021 on transmission planning cost-effectiveness and provide recommendations for potential legislative changes