SB 502

This bill promotes nuclear energy development in Wisconsin through several mechanisms: it creates a nonrefundable tax credit for nuclear energy generation starting in 2030 (worth $10,000 per megawatt of capacity for the first 10 years, then declining), establishes nuclear energy as a high-priority energy option second only to energy efficiency and conservation, and allows nuclear power to count toward the state's renewable energy goals. Additionally, the bill authorizes the Public Service Commission to approve special electric rate tariffs for very large customers (those using at least 75 megawatts per month) and permits electric utilities to recover certain precertification costs through customer rates. The legislation essentially repositions nuclear energy as a preferred clean energy source alongside renewables while providing financial incentives for nuclear development and accommodating large industrial electricity users.