Relating to: a nuclear energy generation tax credit; prioritizing nuclear energy resources; approval of certain electric tariffs for very large customers; and authorizing electric utilities to recover certain precertification costs through rates. (FE)

SB 502 creates a 20-year tax credit for nuclear energy facilities in Wisconsin, providing electric utilities and cooperatives with annual credits of $10,000 per megawatt (decreasing to $1,000 by year 19) for qualifying nuclear power generation. The credit applies only to facilities located in Wisconsin that generated electricity during the tax year, with a cap of 20 years per facility. It also modifies definitions to include nuclear energy in "renewable resource" reporting for state agencies and utilities. The bill allows credit transfers to other taxpayers subject to state income tax, but prohibits partnerships and similar entities from claiming the credit directly.