This bill is a concurrent resolution that urges Kentucky to help create an interstate agreement for a competitive electric transmission market. It directly affects electric utilities, ratepayers, and state regulators by calling for a regional approach to power grid development. The resolution proposes using competitive bidding for transmission projects, establishing uniform rules for permitting across states, and ensuring costs are fairly shared among all beneficiaries. It aims to modernize the power grid, reduce transmission costs, and prevent bottlenecks while opening the bidding process to interstate projects. The bill directs the Clerk to send the resolution to the Governor and the Public Service Commission for further consideration.
Order the Public Service Commission to open a new or include in an existing administrative case by May 15, 2026, to review the fuel adjustment charge to reduce volatility in the surcharge; receive comments from the public and affected parties on the fuel adjustment charge; and issue an order and amend the administrative regulation on the fuel adjustment charge by August 15, 2026; provide a report to the Legislative Research Commission by December 15, 2026; EMERGENCY.
Amend KRS 278.277 to permit the Public Service Commission to allow, upon the request of an electric utility, an extension of the period for recovery of an electric utility's fuel adjustment costs to reduce volatility for consumers and encourage stability in rates.
Create a new section of KRS Chapter 278 to define terms; require the Public Service Commission to adopt rules and policies to prioritize securing affordable, reliable, and clean energy by prioritizing domestic fuel sources, prohibiting the use of critical materials sources or manufactured by a foreign adversary nation, giving preference to infrastructure and components built in the Commonwealth and the United States, and ensuring sufficient clean energy sources that are dispatchable and minimize disruptions; EFFECTIVE November 1, 2026.
Amend KRS 278.160 to prohibit the collection of charges and fees for other governmental units by an investor-owned electric utility; prohibit the collection of certain surcharges and amounts that are not directly and exclusively related to the provision of electric service; require investor owned utilities to file new tariffs 90 days after December 30, 2026; EFFECTIVE December 30, 2026.
Create a new section of KRS Chapter 164 to establish the Nuclear Reactor Site Readiness Pilot Program; define terms; require the Kentucky Nuclear Energy Development Authority (authority) to annually submit recommendations to the General Assembly for awarding grant funding to eligible applicants for up to 1/3 of the actual costs incurred in applying for and procuring an early site permit, construction permit, or combined operating license from the United States Nuclear Regulatory Commission, not to exceed $25,000,000; establish eligibility requirements and scoring criteria for applications; require the authority to make eligibility determinations and objectively score grant applications; require that applicants procure a surety bond or other similar security to guarantee the repayment of the grant amounts in the event of forfeiture for eligibility; provide for forfeiture and repayment of grant funding if certain permitting, licensure, or commencement of construction timelines are not met; establish the Kentucky nuclear reactor site readiness pilot program fund; create a new section of KRS Chapter 278 to allow a regulated utility to apply to the Public Service Commission for the recovery of costs not covered in its existing rates incurred in applying for and procuring an early site permit, construction permit, or combined operating license from the United States Nuclear Regulatory Commission; prohibit the recovery of costs for any amounts that have been offset by grant funding from the Nuclear Reactor Site Readiness Pilot Program; amend KRS 164.2802 to require 12 hours of nuclear-related training for new and existing at-large voting members of the Kentucky Nuclear Energy Development Authority; allow the director or the chair of the authority to waive the training requirement for any member who can demonstrate adequate knowledge of nuclear-related issues; require that the authority include its evaluations, scores, and funding recommendations for the Nuclear Reactor Site Readiness Pilot Program with its annual report to the Governor and the Legislative Research Commission; amend KRS 164.2803 to allow fusion-related nuclear energy projects to be eligible for grant funding from the Nuclear Energy Development Grant Program.
