HB0200

Official summary

Bill Summary - 20LSO-0491 Bill No.: HB0200 Effective: 7/1/2020 12:00:00 AM LSO No.: 20LSO-0491 Enrolled Act No.: HEA No. 0079 Chapter No.: 144 Prime Sponsor: Zwonitzer Catch Title: Reliable and dispatchable low-carbon energy standards. Subject: Requiring the establishment of energy production standards. Summary/Major Elements: The act requires the Public Service Commission (PSC) to establish energy portfolio standards that require a specified percentage of electricity to be dispatchable, reliable, low-carbon electricity by 2030. Low-carbon electricity is electricity generated using carbon capture, utilization and storage (CCUS) technology that results in less than six hundred fifty (650) pounds of carbon dioxide emissions per megawatt-hour of electricity generated. The act requires the PSC to set intermediate standards and to require each public utility to demonstrate in each integrated resource plan the steps the public utility is taking to achieve the established standards. The act prohibits rate recovery for new electric generation facilities built to replace retiring coal-fired electric generation facilities unless the public utility shows that it is taking steps to achieve the established generation standards. If a public utility achieves or satisfactorily progresses toward achieving the established standards, the public utility can seek rate recovery for the cost of CCUS technology, apply to allow revenues from the sale of captured carbon dioxide to be returned to the utility's shareholders and seek up to a two percent (2%) surcharge from utility customers. The act requires the PSC to report to the Legislature every two (2) years beginning in 2023 regarding the implementation of the standards and recommendations on continuing, modifying or repealing the standards. Comments: The act requires a report from the Public Service Commission to the Legislature at least once every two (2) years beginning in 2023. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.