Missouri Energy Legislation Continues to Move Forward
As the Missouri General Assembly has passed the half-way point of the 2018 legislative session, energy policy legislation continues to move forward in both the House of Representatives and the Senate.
The two important pending bills that will improve Missouri’s energy policies, are House Bill 2265 (HB 2265) and Senate Bill 564 (SB 564), both of which will provide significant energy savings for the typical residential electric consumer. This is made possible by cutting electric rates by 4-5 percent within 90 days of being signed into law, freezing rates for three years from the last rate increase, and capping electric rate increases at 2.85 percent annually, cumulative from an investor-owned utility’s last rate review. This energy policy, if signed into law, will also support building a smarter, more reliable, and more resilient energy grid for Missouri that reduces outages and creates thousands of jobs.
HB 2265 was heard before the Senate Commerce Committee on April 4. It could go before the Senate for debate in the next week or two. SB 564 is currently before the House Rules Committee; once passed there, it will go before the House for floor debate and consideration for passage.
Hundreds of companies, organizations and associations, representing thousands of Missourians across the state, have signed-on in support of this important energy policy legislation. The newest supporters include the United Way of Greater St. Louis, the Urban League of Metropolitan St. Louis, Heat-Up St. Louis and Associated Industries of Missouri (AIM). These endorsements join hundreds of others from non-profit organizations, businesses, chambers, civic groups, municipalities and labor unions which recognize this legislation as a true win-win for all customers and energy companies that desire a smart, secure and stable energy future for Missouri.