Modifies provisions of the Renewable Energy Standard

HB 2475 modifies Missouri's Renewable Energy Standard by establishing new renewable energy portfolio requirements for electric utilities. It requires utilities to generate or purchase electricity from alternative energy sources (including wind, solar, and hydropower) to meet specific annual targets: 2% by 2013, 5% by 2017, 10% by 2020, and 15% annually starting in 2021, with at least 2% coming from solar. Utilities can comply by purchasing renewable energy credits (RECs) or generating eligible energy, with Missouri-produced renewable energy counting as 1.25 times its actual amount toward compliance. The bill directly affects all electric utilities serving Missouri consumers, requiring them to meet these tiered targets for electricity sales.