The Missouri Chamber of Commerce and Industry recently testified in favor of legislation giving discounts on natural gas for large development projects. HB 1143 is sponsored by Rep. Ben Keathley (R-Chesterfield).
“This bill mirrors a tool we already have in place for electric companies,” Keathley told the House Utilities Committee. “It would allow for discounted rates for gas companies to encourage the development of large-scale projects. This would help communities attract new businesses and support the expansion of existing businesses when they increase their footprint and become larger consumers.”
HB 1143 creates a gas rate discount of 25% for four years for high gas users, such as business campuses, schools, prisons, airports and large nursing homes.
Missouri Chamber Vice President of Governmental Affairs Kara Corches testified that this legislation would be good for economic development and securing large projects.
“When we think about how the state or local entities build economic development packages, we often think of tax incentives or workforce development programs, but energy is a big part of that package to attract businesses to relocate or expand,” Corches said. “This will hopefully help to secure large projects that bring jobs to communities in Missouri.”
Utility companies Spire and Ameren are also supporting the legislation.
For more information, contact Corches as kcorches@mochamber.com or call (573) 634-3511.
