Energy

SB 758 amends Tennessee law to require that when a nonprofit industrial development corporation dissolves, its land (acreage) must be transferred to a 501(c)(3) nonprofit organization focused on promoting industrial development and new nuclear development. This change directly affects dissolved industrial development corporations and specifies the recipient nonprofit for their land transfers. The bill modifies Section 7-53-317(a)(2) of Tennessee Code to replace prior transfer rules with this new requirement. The policy change, effective May 5, 2025, ensures land from dissolved industrial development entities supports ongoing industrial and nuclear development initiatives.

HB 672 amends Tennessee law to require that when an industrial development corporation dissolves, its land must be transferred to a 501(c)(3) nonprofit entity focused on promoting industrial development and new nuclear energy. This change updates the disposition rules for dissolved corporations' land, directly affecting industrial development corporations and the nonprofits that will receive the property. The bill specifies that the recipient nonprofit must have "main purpose" tied to industrial and nuclear development, ensuring land continues supporting these sectors. The amendment takes effect upon becoming law.

HB 1143 clarifies that local governments (counties, cities) cannot restrict public utilities from using certain energy sources when creating regulations about clean or renewable energy. It requires all local energy requirements to include 19 specific sources as permissible, including solar, wind, nuclear power, natural gas, and biomass - regardless of how the local rule is worded. This directly affects municipal and county regulations governing utility energy sources and ensures utilities can comply by using any of the listed options. The bill amends multiple Tennessee code sections to define "clean or green energy" broadly and makes local rules that exclude these sources legally invalid.