WeVote
Log In

Bill

Bill

SJR 121

SJR 121 - This constitutional amendment, if approved by the voters, prohibits public utilities from charging for costs for construction in progress. JULIA SHEVELEVA

2026 Regular Session

Constitutional amendment prohibits utilities from charging ratepayers for construction-in-progress costs, shifting financing burden to utility companies and shareholders.

Second Read and Referred S Transportation, Infrastructure and Public Safety Committee
0
WeVote Research Nonpartisan
Bill Summary · SJR 121

Legislative bill overview

SJR 121 is a proposed constitutional amendment that would prohibit public utilities from recovering construction-in-progress (CWIP) costs through customer rates. If approved by Missouri voters, this amendment would prevent utilities from charging ratepayers for ongoing infrastructure projects before those projects are completed and operational.

Why is this important

Utilities currently recover CWIP costs to finance large infrastructure investments (power plants, transmission lines, etc.) without waiting for project completion. This amendment would shift that financial burden entirely to utility companies and shareholders rather than ratepayers, potentially affecting how utilities fund major modernization and expansion projects. The outcome could impact both electricity rates and utility investment capacity.

Potential points of contention

  • Utility financing impact: Preventing CWIP cost recovery may increase utility borrowing costs, potentially resulting in higher rates long-term or reduced infrastructure investment
  • Consumer protection perspective: Supporters argue ratepayers shouldn't fund projects that may never be completed or may face cost overruns
  • Economic development trade-off: Reduced utility investment capacity could slow grid modernization, renewable energy infrastructure, and economic growth initiatives

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.