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Committee clears bill letting utilities sign power'purchase agreements with advanced nuclear resources, with limits
Summary
The committee voted to recommend HB 710 as amended, allowing investor-owned distribution utilities to enter power-purchase agreements (PPAs) for advanced nuclear resources under the same statutory mechanism used in Senate Bill 54, while keeping existing caps and adding technical corrections.
The Science, Technology and Energy Committee voted 14-3 on March 4 to recommend House Bill 710 as amended, a measure that would allow investor-owned electric distribution utilities to sign multi-year power-purchase agreements (PPAs) with advanced nuclear resources using the language and limits established in Senate Bill 54.
The amendment removed an earlier draft's provision that would have authorized the Department of…
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