HCS/HB 1753 - Under the act, prior to the closure of an existing electric generating power plant if the closure occurs on or after January 1, 2025, an electrical corporation, registered and doing business in Missouri, shall first certify to the Public Service Commission that it has secured and placed on the electric grid an equal or greater amount of replacement reliable electric generation as accredited power resources based on the regional transmission operator's resource accreditation for the reliable electric generation technology. To determine if an equal or greater amount of reliable electric generation is being placed on the electric grid, the electrical corporation shall compare the relevant regional transmission operator's average of the summer and winter accredited capacity for the generation technology of the closing electric plant to the relevant regional transmission operator's average of the summer and winter accredited capacity for the generation technology of the replacement reliable electric generation. Such average of the summer and winter accredited capacity shall equal or exceed average summer or winter accredited capacity for the existing electric generating plant. Dispatchable power resources shall comprise at least 80% of the average of the summer and winter capacity of the replacement reliable electric generation. Adequate electric transmission lines shall be in place and the replacement reliable electric generation shall be fully operational concurrently with the closure of the existing electric generating plant, except where some or all of the replacement reliable electric generation utilizes interconnection facilities used by the existing electric generating power plant as described in the act. If replacement reliable electric generation utilizes interconnection facilities utilized by the existing electric power plant, the replacement facilities shall be fully operational within 180 days of the closure of the existing electric plant. If an existing electric power plant is closed as a result of an unexpected or unplanned cause or event, an electrical corporation shall follow certain procedures described in the act.
During any periods where the replacement reliable electric generation is not fully operational by the time of the closure of the existing electric generating power plant, the electrical corporation shall use all reasonable efforts to contract for or acquire additional available firm generation capacity in a quantity necessary to meet the planning reserve margin requirement of the regional transmission operator in which the electrical corporation operates without reliance on such replacement reliable electric generation. At such time as such replacement reliable electric generation is fully operational, such additional available firm generation capacity shall no longer be required.
An electrical corporation shall not enter into a voluntary or negotiated settlement with a third party that requires closure of an existing electric generation plant, unless the electrical corporation determines that such a settlement is in the best interest of its customers and would maintain electric reliability. Electrical corporations shall not enter into such a settlement in order to meet pollution reduction or other corporate or societal goals beyond those required by law.
The average of the summer and winter accredited capacity of the replacement reliable electric generation under the act shall be equal to or greater than the average summer and winter accredited capacity of the dispatchable existing electric generating power plant under the act using the regional transmission operator's resource accreditation as of the time construction begins on the replacement reliable electric generation. The Public Service Commission shall certify that the requirements under the act shall be met by the replacement reliable electric generation.
Reliable electric generation may be constructed in a neighboring state if the generation is connected to the electric grid of the regional transmission operator of which the electrical corporation is a member.
On or before the date that the new reliable electric generation is placed in service, the electrical corporation shall provide certification to the Public Service Commission, the General Assembly, and the Governor that it has met the requirements of the act.
The act is similar to SCS/SB 757 (2024), HB 1753 (2024), SB 709 (2023), and SB 717 (2023).
JULIA SHEVELEVA