The bill seeks to repeal sections 393.1025 and 393.1030 of the Revised Statutes of Missouri and introduces two new sections that emphasize renewable energy resources. A significant change is the redefinition of the "Department" from the Department of Economic Development to the Department of Commerce and Insurance. The definition of "Renewable energy resources" has been updated to include energy storage and hydrogen fuel cells produced from renewable sources, while removing dedicated crops and certain biomass from the list of recognized sources. The bill also sets new portfolio requirements for electric utilities, mandating that they increase the percentage of electricity sales from renewable sources from 15% by December 31, 2026, to 100% by December 31, 2061, with at least 2% coming from solar energy. Additionally, the bill outlines a process for suspending the rebate tariff for electrical corporations if the maximum average retail rate increase is reached, requiring a ruling within sixty days. If approved, utilities must continue processing solar rebates until a final decision is made, with costs incurred deemed recoverable. Customers receiving rebates must transfer rights to renewable energy credits associated with their solar systems to the utility for ten years. The bill also establishes a certification process for electricity generated from renewable resources, recognizing methane from anaerobic digestion and thermal depolymerization as renewable. The commission is empowered to create rules for implementation, ensuring compliance with existing laws and addressing any constitutional issues related to rule review.

Statutes affected:
Introduced (4432H.01): 393.1025, 393.1030