Press "Enter" to skip to content

MBEF applauds Senate grid modernization effort

JEFFERSON CITY, Mo. – The Senate Commerce, Consumer Protection, Energy and the Environment Committee, chaired by Sen. Ryan Silvey, R-Kansas City, voted out SB 1028, also sponsored by Silvey, dubbed the 21st Century Grid Modernization and Security Act.

The bill, which was applauded Friday by Missourians for a Balanced Energy Future (MBEF), seeks to encourage investments in energy infrastructure, cybersecurity and expands a commitment to clean energy sources in Missouri.  Senate Bill 1028 also seeks an unprecedented effort to cap consumer electric rates.

Silvey
Silvey

“This bill represents forward-thinking, cost-effective energy policy. Its unprecedented rate cap for electric consumers and focus on modernizing the electric grid will further Missouri’s tradition of affordable and reliable electricity,” said MBEF Executive Director Irl Scissors.“Doubling down on clean energy sources without causing an uptick in energy rates is also a huge component of this legislation.”

Scissors also thanked Silvey for shepherding the bill, which has evolved into a hefty substitute.

The bill now restarts a successful solar rebate program and expands net metering to 300 kilowatt systems, what MBEF calls “a major plus” for residential and small business customers.  The group also believes the language will ensure Missouri remains a leader in the clean energy economy for decades.

Supporters, including major utilities and some large businesses, believe the bill will further protect consumers, create jobs, and encourage economic development by providing a streamlined process for infrastructure improvements by utilities. Skeptics believe the bill could raise rates for consumers and diminish the Public Service Commission’s involvement with responsive ratemaking.

The bill was voted 7-2 to pass by the committee.

The legislation now moves to the Senate floor for full debate. A similar bill, HB 2816, sponsored by Rep. Rocky Miller, R-Lake Ozark, was heard in the House this past week, but has yet to be voted on.