Assembly Bill 472 introduces a series of measures aimed at promoting nuclear energy generation in Wisconsin. The bill establishes a nonrefundable income and franchise tax credit for nuclear energy facilities, which will begin in tax year 2030. The credit is calculated based on the facility's nominal rated capacity in megawatts, starting at $10,000 for the first ten years and decreasing by $1,000 each subsequent year, with a maximum claim period of 20 years. Additionally, the bill prioritizes nuclear energy as a high-priority option for meeting the state's energy demands, alongside energy efficiency and conservation, and includes nuclear energy in the definition of renewable resources for state reporting purposes starting in 2026.

Furthermore, the bill allows the Public Service Commission (PSC) to approve electric tariffs for very large customers, defined as those with an energy demand of at least 75 megawatts per month, provided that the electricity supplied is generated from nuclear power. It also permits the PSC to recover certain precertification costs related to nuclear energy development through utility rates, ensuring that these costs do not burden other customers. The bill modifies existing laws to reflect these changes, including updating the goal for low-carbon-emission energy consumption in the state to include nuclear power, thereby enhancing the role of nuclear energy in Wisconsin's energy landscape.

Statutes affected:
Bill Text: 1.12(3)(b), 1.12, 1.12(5)(a), 16.75(12)(a)4, 16.75, 66.0627(1)(bk)2, 66.0627