WI AB472

Creates a nonrefundable nuclear energy generation tax credit beginning in tax year 2030, calculated as facility capacity in megawatts multiplied by $10,000 for the first 10 years, then decreasing by $1,000 annually through year 19, with a maximum 19-year claim period per facility

Establishes nuclear energy as a high-priority energy option in state policy, ranked second only to energy efficiency and conservation, and adds nuclear to the state goal that all new electric generation capacity be based on renewable or nuclear energy resources

Authorizes the Public Service Commission to approve special electric tariffs for "very large customers" (facilities with at least 75 megawatts monthly demand) if the tariff ensures other customers don't subsidize their costs, electricity is nuclear-generated, and customers consent; approval is mandatory if generation occurs within 75 miles of the customer

Permits electric utilities to recover precertification costs for nuclear development through rates, including feasibility studies, site evaluations, and regulatory filing preparation, plus a reasonable rate of return on those costs

Updates the state's 10% renewable energy goal to a "low-carbon-emission" goal (including nuclear power), with PSC reporting deadline changed to June 1, 2027, and biennially thereafter until achieved