The proposal requires that each electric utility owning, controlling, or providing transmission facilities in Missouri join an independent system operator which will ensure independent management and control of transmission facilities in Missouri. PSC assumes this proposal would not fiscally impact their agency. However, PSC further assumes it may have an impact on local government as there may be a potential loss of franchise tax revenue. Oversight assumes SOS could increase fees to cover additional costs, per Section 536.033 RSMo, and therefore, will not include any publication costs in the fiscal impact for the proposal. The Missouri Association of Municipal Utilities, Springfield City Utilities, Columbia Water and Light, Independence Power and Light, Stone County, Jackson County, St. Louis County, Cole County, Marion County, Boone County , and the cities of Springfield, Independence , and Columbia did not respond to our fiscal impact request.
Oversight assumes the fiscal impact is unknown.
This proposal would have a fiscal impact on small businesses as the change of retail electric services and the related rates will impact all customers. This proposal provides the means for the deregulation of the transmission and distribution of electricity in the state. Five or more individuals who represent electric utilities, whether privately held, municipal, or rural electric cooperatives, may form a nonprofit corporation to provide a competitive marketplace for the sale of electric services. This electric power exchange may purchase and sell electric power, acquire real and personal property, and incur debt. Persons who own an electric power system may become members of the electric power exchange if they agree to purchase all generation services from the exchange and pay a fee to the exchange equal to one dollar per every one hundred customers up to a maximum of ten thousand dollars.