Missouri Governor Mike Kehoe recently signed legislation that aims to help utility companies meet the increasing demand for power generation. This bill, signed behind closed doors with limited access, has sparked concerns among consumer advocates who fear it could raise utility rates for Missourians by an average of $1,000 per year. The bill includes a controversial provision that allows companies to charge ratepayers during the construction of a power plant, which was previously outlawed in 1976. Despite facing opposition from constituents and lawmakers from both parties, the bill was sponsored by Sen. Mike Cierpiot, who believes the provision is beneficial for consumers.
A report from the Consumers Council of Missouri suggested that the provision, known as construction work in progress (CWIP), could potentially increase annual costs for ratepayers, depending on the type of plant being constructed. Despite protests outside the Capitol and concerns raised by various organizations such as the Sierra Club and League of Women Voters, the bill, Senate Bill 4, will go into effect on August 28. Critics argue that the legislation prioritizes the interests of utility companies over consumers, while supporters believe it will attract new industries and create job opportunities in Missouri. The bill’s impact on utility rates and consumer protection remains a topic of debate as it moves forward.
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