Allows electrical corporations to charge for services based on the costs of certain construction work in progress
HB 2122 allows Missouri electrical corporations to include the costs of constructing new nuclear power plants (under 600 MW) in their rate base *before* the plants are completed and operational. This means utilities can recover these pre-completion construction costs through customer rates immediately, rather than waiting until the plant is finished. The Public Service Commission must approve the exact amount based on estimated project costs and actual spending during construction, with refunds required if costs were wasted or the plant isn't completed on time. The provision expires in 2036 unless extended by the Commission, and applies only to new nuclear plants not in operation by August 2026. This directly affects utilities and their ratepayers by changing how construction costs are recovered.
Bill status
passed
3 of 5 stages cleared
Introduction
Dec 2025
Committee Review
Apr 2026
House Passage
Apr 2026
Senate Passage
Governor
Introduced Dec 2, 2025
Last action Apr 21, 2026
Maddy AI version diff · 2 comparisons
What changed between versions
House Committee Substitute
→
Perfected
·
3 edits
MINOR
The bill was finalized and reclassified from a House Committee Substitute to a Perfected version, indicating it has passed all legislative stages. A specific accounting provision regarding the refund of base rate recoveries was added to clarify how interest is calculated on refunds. Additionally, the definition of accounts used for recording construction work in progress was updated to align with federal regulations.
TECHNICAL
The bill's classification was changed from 'House Committee Substitute' to 'Perfected', and the Chief Clerk's designation was updated from 'H.03C' to 'H.03P', reflecting the bill's final status.
REQUIREMENT
A new requirement was added stating that base rate recoveries from construction work in progress must be refunded with interest calculated at the same rate used for delinquent taxes.
DEFINITION
The definition of accounts for recording construction work in progress was modified to explicitly include accounts established under 18 CFR Part 101 or any other account in the Uniform System of Accounts.
Floor votes
How they voted
This bill passed the House by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
22
Key actions
6
Committee
7
Apr 21, 2026
Committee
Second read and referred: Commerce, Consumer Protection, Energy and the Environment(S)
upper
Apr 7, 2026
Lower · Passed
Third Read and Passed (H) - AYES: 95 NOES: 53 PRESENT: 0
lower
Apr 1, 2026
Lower · Passed
HCS Adopted (H)
lower
Mar 12, 2026
Lower · Passed
Reported Do Pass (H) - AYES: 7 NOES: 3 PRESENT: 0
lower
Mar 11, 2026
Lower · Passed
Voted Do Pass (H)
lower
Mar 4, 2026
Committee
Referred: Rules - Administrative(H)
lower
Feb 25, 2026
Lower · Passed
HCS Reported Do Pass (H) - AYES: 12 NOES: 7 PRESENT: 0
lower
Feb 25, 2026
Lower · Passed
HCS Voted Do Pass (H)
lower
Feb 12, 2026
Committee
Referred: Utilities(H)
lower
Dec 2, 2025
Introduced
Prefiled (H)
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Black
RRepublican
Co
Jim Kalberloh
RRepublican
Co
John Hewkin
RRepublican
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