HB1491: Phase I Utility; recovery of development costs associated with small modular nuclear facility.

Legislative Summary

Phase I Utility; recovery of development costs associated with small modular nuclear facility. Permits American Electric Power, prior to the filing of an application for a certificate to construct a small modular nuclear facility, to request the State Corporation Commission to review such utility's decision to incur project development costs, as defined in the bill. The bill has an expiration date of July 1, 2034. Phase I Utility; recovery of development costs associated with small modular nuclear facility. Permits American Electric Power, prior to the filing of an application for a certificate to construct a small modular nuclear facility, to request the State Corporation Commission to review such utility's decision to incur project development costs, as defined in the bill. The bill has an expiration date of July 1, 2034.