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Wisconsin Legislature: AB1151: Bill Text
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AB1151: Bill Text
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2025 - 2026 LEGISLATURE
LRB-6496/1
EHS:cdc
2025 ASSEMBLY BILL 1151
March 13, 2026 - Introduced by Representatives
Brown
,
Tenorio
,
Stubbs
,
Neubauer
,
Udell
and
Sheehan
, cosponsored by Senators
Wall
and
Spreitzer
. Referred to Committee on Energy and Utilities.
AB1151,1,2
1
An Act
to amend
196.027 (1) (f);
to create
196.027 (1) (d) 3. of the statutes;
2
relating to:
securitization of retiring power plants.
Analysis by the Legislative Reference Bureau
Under current law, an energy utility is allowed to apply to the Public Service Commission for an order allowing the utility to finance the costs of the following activities by issuing bonds: 1) the construction, installation, or otherwise putting into place of environmental control equipment in connection with a plant that, before March 30, 2004, has been used to provide service to customers and 2) the retiring of any existing plant, facility, or other property to reduce, control, or eliminate environmental pollution in accordance with federal or state law. Current law defines these activities as “environmental control activities.” If approved by PSC, the bonds, which are referred to as “environmental trust bonds,” are secured by revenues arising from charges paid by an energy utility’s customers for the utility to recover the cost of the activities, as well as the cost of financing the bonds.
This bill adds the retiring of any existing electric generating facility fueled by nonrenewable combustible energy resources as an environmental control activity, the costs of which may be financed by an environmental trust bond.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
AB1151,1
1
Section
1
.
196.027 (1) (d) 3. of the statutes is created to read:
AB1151,2,3
2
196.027
(1)
(d) 3. The retiring of any existing electric generating facility
3
fueled by nonrenewable combustible energy resources.
AB1151,2
4
Section
2
.
196.027 (1) (f) of the statutes is amended to read:
AB1151,2,13
5
196.027
(1)
(f) “Environmental control cost” means capital cost, including
6
capitalized cost relating to regulatory assets, incurred or expected to be incurred by
7
an energy utility in undertaking an environmental control activity and, with
8
respect to an environmental control activity described in par. (d) 2.
or 3.
, includes
9
the unrecovered value of property that is retired, including any demolition or
10
similar cost that exceeds the salvage value of the property. “Environmental control
11
cost” does not include any monetary penalty, fine, or forfeiture assessed against an
12
energy utility by a government agency or court under a federal or state
13
environmental statute, rule, or regulation.
AB1151,2,14
14
(end)
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