HB 44
In 2008, Missouri’s voters approved a
constitutional change that required that Missouri’s energy generators source a
certain percentage of their power from renewable sources. Hydropower is one such source of power that
our energy companies have utilized for many years. However, hydropower from already constructed
sources was not able to apply towards that new benchmark.
HB44 will modify the state’s statute so that all hydropower can be fully counted towards the Renewable Energy Standard. Without this measure in place, Missouri’s investor-owned facilities will have little choice but to dramatically increase costs as they make huge investments in new facilities to meet the standard. We feel the voters’ intent was to have a true standard which counted all renewables, and we intend to bring Missouri’s statute in line with that intent.
Tim,
ReplyDeleteIf SMR is such a good investment for our State, why can't it stand on its own with private capital versus depending on funding from Obama and Missouri ratepayers via the rate increases afforded to the IOU's via SB207?