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Committee advances bill to allow utilities to recover SMR preconstruction costs; lengthy public debate
Summary
Senate Bill 424, which permits utility recovery of early site and preconstruction costs for small modular reactors (SMRs), passed committee after extensive testimony for and against. Supporters cited jobs and reliability; opponents warned ratepayer risk.
The Utilities, Energy and Telecommunications Committee voted to pass Senate Bill 424 after extended testimony from utility officials, county leaders, labor representatives and consumer and environmental advocates.
Senator Cook introduced the bill as largely identical to an earlier House measure but with a sunset date; committee members later approved an amendment removing the sunset. "This might possibly be the shortest bill introduction you will ever hear because senate bill 424 is identical to contents of house bill 1007...with a sunset date," Senator Cook said in opening remarks.
The measure allows electric utilities to recover certain preconstruction and development costs for small modular reactors (SMRs) through an adjusted-rate mechanism, subject to Indiana Utility Regulatory Commission (IURC)…
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