HB1668: Assessment of wind, solar, and battery devices.

Legislative Summary

Assessment of wind, solar, and battery devices. Requires a new public utility company owner of a wind power device to report, in years after the first year of ownership, the valuation of the wind power device at the same valuation amount entered in the public utility company's first annual report after the change in ownership, less adjustments for depreciation according to a schedule prescribed by the department of local government finance (department). Requires a new public utility company owner of a solar power device or a utility scale battery energy storage system to report the valuation of the solar power device or utility scale battery energy storage system at the same valuation amount that the previous owner last valued the solar power device or utility scale battery energy storage system prior to the change in ownership, less adjustments for depreciation according to a schedule prescribed by the department. Requires the department to create depreciation schedules. Requires the department to prepare and present reports to the interim study committee on energy, utilities, and telecommunications on: (1) the valuation of the devices and systems; and (2) the department's progress in implementing the bill's provisions.