Provide regulation of and requirements for energy storage resources and change provisions relating to property tax exemptions and the nameplate capacity tax

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Plain-English Summary

This bill expands regulations for energy storage resources, treating them similarly to electricity generation facilities. It modifies property tax exemptions and introduces a nameplate capacity tax for energy storage resources, aligning them with existing taxes on renewable energy generation. The changes aim to encourage investment in energy storage, support economic development, and enhance grid reliability, with specific rules for safety and operational plans.

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N · PrimeJason Prokop

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