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Proposition C Initiative Petition State of Missouri Simple Majority Required
See Also:
Index of all Measures |
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Results as of Jan 24 10:46am, 100.0% of Precincts Reporting (3507/3507) |
Information shown below: Fiscal Impact | Yes/No Meaning | Impartial Analysis | Full Text | ||||||
Shall Missouri law be amended to require investor-owned electric utilities to generate or purchase electricity from renewable energy sources such as solar, wind, biomass and hydropower with the renewable energy sources equaling at least 2% of retail sales by 2011 increasing incrementally to at least 15% by 2021, including at least 2% from solar energy; and restricting to no more than 1% any rate increase to consumers for this renewable energy? The estimated direct cost to state governmental entities is $395,183. It is estimated there are no direct costs or savings to local governmental entities. However, indirect costs may be incurred by state and local governmental entities if the proposal results in increased electricity retail rates. Yes No
The estimated direct cost to state governmental entities is $395,183. It is estimated there are no direct costs or savings to local governmental entities. However, indirect costs may be incurred by state and local governmental entities if the proposal results in increased electricity retail rates.
Proponents of this proposition argue that the passage of Proposition C would make result in a cleaner environment since 85% of the state's electricity is generated by burning coal. They also point out that this would increase the use of renewable energy sources and decrease dependence on both coal and foreign oil. In addition, they argue that the implementation of this proposal would reduce carbon dioxide emissions that contribute to global warming. Finally they estimate that consumers would save approximately $330 million over the next 20 years. There is no organized opposition to this proposal.
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News and Analysis Saint Louis Post-Dispatch
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Full Text of Proposition C |
Be it enacted by the people of the state of Missouri:
Chapter 393, RSMo, is amended by repealing sections 393.1020, 393.1025, 393.1030, and 393.1035, and substituting therefor three new sections to be known as sections 393.1020, 393.1025, and 393.1030, to read as follows: 393.1020. Sections 393.1020 to 393.1030 shall be known as the Renewable Energy Standard. 393.1025. As used in sections 393.1020 to 393.1030, the following terms mean: 1. "Commission", the public service commission; 2. "Department", the department of natural resources; 3. "Electric utility", any electrical corporation as defined by section 386.020, any electric distribution cooperative, and any municipal utility that serves more than 25,000 customers; 4. "Renewable energy resources", electric energy produced from wind, solar thermal sources, photovoltaic cells and panels, dedicated crops grown for energy production, cellulosic agricultural residues, plant residues, methane from landfills or from wastewater treatment, clean and untreated wood such as pallets, hydropower (not including pumped storage) that does not require a new diversion or impoundment of water and that if it becomes operational after 2008 has a nameplate rating of 10 megawatts or less, fuel cells using hydrogen produced by one of the above-named renewable energy sources, and other sources of energy not including nuclear that become available after the effective date of this section and are certified as renewable by rule by the department; and 5. "Renewable energy credit" or "REC", a tradable certificate of proof that one megawatt-hour of electricity has been generated from renewable energy sources. 393.1030.1. The commission shall, in consultation with the department, prescribe by rule a portfolio requirement for all electric utilities to generate or purchase electricity generated from renewable energy resources. Such portfolio requirement shall provide that electricity from renewable energy resources shall constitute the following portions of each electric utility's sales: (a) No less than two percent for calendar years 2011 through 2013; (b) No less than five percent for calendar years 2014 through 2017; (c) No less than ten percent for calendar years 2018 through 2020; and (d) No less than fifteen percent in each calendar year beginning in 2021. At least two percent of each portfolio requirement shall be derived from solar energy. The portfolio requirements shall apply to all power sold to Missouri consumers whether such power is self-generated or purchased from another source in or outside of this state. A utility may comply with the standard in whole or in part by purchasing RECs. Each kilowatt-hour of eligible energy generated in Missouri shall count as 1.25 kilowatt-hours for purposes of compliance. 2. The commission, in consultation with the department and within one year of the effective date of sections 393.1020 to 393.1030, shall select a program for tracking and verifying the trading of renewable energy credits. An unused credit may exist for up to three years from the date of its creation. A credit may be used only once to comply with this act and may not also be used to satisfy any similar non-federal requirement. An electric utility may not use a credit derived from a green pricing program. Certificates from net-metered sources shall initially be owned by the customer-generator. The commission, except where the department is specified, shall make whatever rules are necessary to enforce the Renewable Energy Standard. Such rules shall include: (a) A maximum average retail rate increase of one percent determined by estimating and comparing the electric utility's cost of compliance with least-cost renewable generation and the cost of continuing to generate or purchase electricity from entirely non-renewable sources, taking into proper account future environmental regulatory risk including the risk of greenhouse gas regulation; (b) Penalties of at least twice the average market value of renewable energy credits for the compliance period for failure to meet the targets of subsection 1. An electric utility will be excused if it proves to the commission that failure was due to events beyond its reasonable control that could not have been reasonably mitigated, or that the maximum average retail rate increase has been reached. Penalties shall not be recovered from customers. Amounts forfeited under this section shall be remitted to the department to purchase renewable energy credits needed for compliance. Any excess forfeited revenues shall be used by the department's energy center solely for renewable energy and energy efficiency projects; (c) Provisions for an annual report to be filed by each electric utility in a format sufficient to document its progress in meeting the targets. (d) Provision for recovery outside the context of a regular rate case of prudently incurred costs and the pass-through of benefits to customers of any savings achieved by an electrical corporation in meeting the requirements of this section. 3. Each electric utility shall make available to its retail customers a standard rebate offer of at least $2.00 per installed watt for new and expanded solar electric systems sited on customers' premises, up to a maximum of 25 kilowatts per system, that become operational after 2009. 4. The department shall, in consultation with the commission, establish by rule a certification process for electricity generated from renewable resources and used to fulfill the requirements of subsection 1 of this section. Certification criteria for renewable energy generation shall be determined by factors that include fuel type, technology, and the environmental impacts of the generating facility. Renewable energy facilities shall not cause undue adverse air, water, or land use impacts, including impacts associated with the gathering of generation feedstocks. If any amount of fossil fuel is used with renewable energy resources, only the portion of electrical output attributable to renewable energy resources shall be used to fulfill the portfolio requirements.
The following sections shall be repealed:
[393.1020. 1. It is the general assembly's intent to encourage the development and utilization of technically feasible and economical renewable technologies, creating cleaner and more sustainable forms of energy for the residents of the state. It is for this reason that sections 393.1020 to 393.1040 shall be known as the "Green Power Initiative". 2. An electrical corporation may blend or co-fire a fuel listed in subsection 2 of section 393.1020, with other fuels in the generation facility, but only the percentage of electricity that is attributable to a fuel listed in that section can be counted toward an electric corporation's renewable energy objectives.] Yes No |