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Committee approves amendment expanding utility partnership pathway and bars partner cost recovery from ratepayers
Summary
Senate Bill 423 was amended to allow utilities to form partnerships with private capital partners, military installations, universities and others to develop generation projects and to clarify that partner contributions may not be recovered from ratepayers; committee members debated ratepayer risk and the bill passed on a recorded vote.
The Utilities, Energy and Telecommunications Committee approved an amendment to Senate Bill 423 that broadens a pilot partnership pathway for eligible utilities and clarifies how partner contributions are treated for rate‑making purposes.
Under the amendment, an eligible utility may partner with another eligible utility, a customer, capital partner, third‑party investor, military installation, a reuse authority, a small modular reactor (SMR) manufacturer, or a state educational…
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