The obscure policy that financed many of the last decade’s riskiest energy investments is back

The obscure policy that financed many of the last decade’s riskiest energy investments is back

Last week, Missouri governor Mike Kehoe signed into law a bill that packaged together dozens of reforms to utility regulations. Among them was a provision called “construction work in progress,” or CWIP, which allows power companies to bill their customers for the costs of building power plants during their construction phase, rather than after they are completed and generating electricity. The law repeals an earlier ban on CWIP passed via a bal…