HB 1148 -- Missouri Sustainable Energy Authority

Sponsor:  Holsman

This bill establishes the Missouri Sustainable Energy Authority
within the Department of Natural Resources comprised of two
members of the House of Representatives, two members of the
Senate, the department director, and four industry
representatives appointed by the Governor with the advice and
consent of the Senate.  The authority will manage the moneys
collected for the renewable portfolio credits purchased by a
utility company and oversee the Solar and Wind Incentive Program,
the Energy Efficiency Program, the Missouri Renewable Energy Loan
Program, any statewide recycling program, and state funding for
the Center for Sustainable Energy at the University of Missouri.

All utility companies must charge a three-tenths of one cent
surcharge to any kilowatt hours over 1,500 used by a customer in
a 30-day period.  No one 65 years of age or older or whose income
is 300% of the federal poverty level will be charged the
surcharge.

Moneys collected from the surcharge are to be used to purchase
Missouri State Sustainable Portfolio Credits which may be sold to
both public or private utilities in other states.  The value of
the credits will annually be established by the authority.  If a
company meets its target renewable energy portfolio standard but
is still receiving the sustainable energy surcharge, the company
must purchase an opt-out credit equaling 75% of the revenue
received from the surcharge and apply the remaining 25% toward
renewable and alternative forms of energy research and
development.

The Solar and Wind Incentive Program is established to provide
financial incentives to residential owners for the purchase and
installation of solar photovoltaic systems or wind turbines.
Applicants will receive 50% of the cost of installing the system
or turbine up to $12,000 per applicant.  Assistance will be
limited to once every three years with a total cap of $500,000
per year.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am