Assembly Bill 1151 proposes amendments to the existing statutes regarding the securitization of retiring power plants in Wisconsin. The bill introduces a new provision that classifies the retiring of any existing electric generating facility fueled by nonrenewable combustible energy resources as an environmental control activity. This classification allows energy utilities to finance the associated costs through the issuance of environmental trust bonds, which are secured by customer charges for recovering these costs.

Additionally, the bill amends the definition of "environmental control cost" to include costs related to the retirement of such facilities, specifically noting that it encompasses the unrecovered value of retired property and any demolition costs that exceed the property's salvage value. The changes aim to facilitate the transition away from nonrenewable energy sources while ensuring that utilities can manage the financial implications of retiring older plants.

Statutes affected:
Bill Text: 196.027(1)(f), 196.027