Under the act, the Commission shall consist of eleven members, instead of five, provided that at least one but no more than two of such members shall be appointed from each congressional district. At least three members shall be actively engaged in production of agriculture.

The act creates a term "production agriculture" which means using or cultivating land for the production of agricultural crops, livestock or livestock products, poultry or poultry products, milk or dairy products, fruit or other horticultural products, or fish or other aquaculture products.

These provisions are identical to SB 591 (2023).

Beginning January 1, 2024, the total amount assessed on the total gross intrastate operating revenues of all utilities under the jurisdiction of the Public Service Commission shall not exceed three hundred fifty thousandths of one percent and shall increase every two years thereafter by one hundredth of one percent until such time as the maximum amount available to be assessed is equal to one-half of one percent. All corporations subject to such jurisdiction shall defer to an asset or liability account any difference in the assessment actually incurred and those on which the revenue requirement used to set rates in the corporation's most recently completed general rate proceeding was based. The asset or liability account balances shall be included in the revenue requirement used to set rates through an amortization over a reasonable period of time in such corporation's subsequent general rate proceedings. The Commission shall also adjust the rate base used to establish the revenue requirement of the utility to reflect the unamortized asset or liability account balances in such general rate proceedings.

These provisions are identical to SB 597 (2023) and HB 1198 (2023).

This act creates the "Missouri Nuclear Clean Power Act" with the purpose of enabling the construction of clean baseload electric generating plants, as defined in the act, placed into commercial operation after August 28, 2023, and to charge for the costs of construction work in progress, as defined in the act.

Before any such construction work begins, an electrical corporation seeking to include construction work in progress in its rates shall file a plan detailing the projected costs of such plan and a plan to recover such costs through rates with the Public Service Commission.

Costs recovered by an electrical corporation under this act are subject to inclusion or exclusion from rates in a ratemaking proceeding. If the Commission determines that such construction work was not completed within a reasonable time, the Commission shall reduce rates in an amount equal to all amounts recovered in advance by an electrical corporation from ratepayers as described in this act.

The provisions of current law prohibiting charges for the construction work in progress shall not apply to a clean baseload generating plant if such plant is rated at three hundred megawatts or less.

These provisions are substantially similar to HCS/HB 225 (2023), similar to provisions in SB 501 (2023) and SB 333 (2023).

JULIA SHEVELEVA