Laws aid shift to renewables

Both Kansas and Missouri now have legislation to help utilities shutter coal power plants

By

News

July 7, 2021 - 8:24 AM

Windmills at the Prairie Queen Wind Farm north of Moran. Photo by Trevor Hoag / Iola Register

KANSAS CITY, Mo. — Missouri utilities will be able to shutter more coal plants, speeding their transition to renewable energy, under a bill signed by Gov. Mike Parson Tuesday. 

Parson, a Republican, signed into law a policy known as “securitization,” which allows utility companies to refinance debt they issued to build coal plants and close the facilities early without taking a financial hit. With the savings, they can invest in more renewable energy projects, including wind and solar farms. 

“It’s just another tool in the toolbox that utilities can use to refinance their burdensome coal debt and use the savings to invest in clean energy and create jobs right here in Missouri,” said Andy Knott deputy regional director for Sierra Club’s Beyond Coal Campaign. 

Related
January 6, 2022
April 23, 2021
April 8, 2021
June 15, 2020