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Panel advances wide-ranging energy package creating nuclear procurement, storage solicitations and new rate protections
Summary
The Economic Matters Committee moved House Bill 1035, an omnibus energy bill that would create procurements for transmission-level storage and nuclear generation, an expedited CPCN process, limits on certain utility reconciliations and new ratepayer credits; the bill won committee approval after extended debate and amendment.
The Economic Matters Committee on an amended voice-and roll-call vote advanced House Bill 1035, a wide-ranging energy package that creates new procurement paths for transmission-level energy storage and for zero‑emission (including new) nuclear generation, establishes an expedited solicitation process for certain certificates of public convenience and necessity (CPCN), and adds several consumer protections and ratepayer credits.
Committee staff summarized the bill as amended as establishing “ratepayer protections related to gas infrastructure investment, trade association fees, and multi‑year rate plans,” while also creating solicitations for transmission‑scale storage and a nuclear procurement and requiring electric companies to propose tariffs for very large customers. The amendments described in committee packet include a 150‑megawatt distribution‑level storage goal, a proposed 1.6‑gigawatt transmission‑level storage procurement, limits on use of reconciliation in certain multi‑year rate plans, and an allocation of funds to provide near‑term bill credits for residential…
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