Assembly Bill 472 introduces a series of measures aimed at promoting nuclear energy in Wisconsin. The bill establishes a nonrefundable income and franchise tax credit for nuclear energy generation, which will begin in tax year 2030. The credit is calculated based on the nominal rated capacity of a nuclear facility, starting at $10,000 per megawatt 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 amends existing laws to incorporate nuclear energy into various energy goals and reporting requirements, reflecting a significant shift in the state's energy policy to include nuclear as a viable and prioritized energy source.

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